Heidi Heitkamp Doesn’t Want Bigger Deficits So She’ll Vote To Raise The Debt Ceiling

heidiheitkamp

I had to laugh when I heard this news report from Senator Heidi Heitkamp who says she’ll vote to raise the debt ceiling because if we don’t we might add to the deficit.

[youtube http://www.youtube.com/watch?v=sxsAy4R_jqo&w=640&h=360]

Senator Heitkamp must have gone to the Kent Conrad school of decreasing the deficit by spending more.

As for Heitkamp’s comments about damaging the “full faith and credit” of the US government by not raising the debt ceiling, that’s a bit of a bait and switch. Refusing to raise the debt ceiling doesn’t mean we’ll default on existing debt. Serving the national debt in the last fiscal year cost about $360 billion, or about $30 billion/month. That’s all we have to pay to keep from defaulting on the debt.

Much more painful would be the trillion or so in spending cuts we’d have to carve out of the budget so that we don’t add any more debt. We could do that and not default on the debt, but it would be hard.

And one thing politicians like Heitkamp don’t really want to do is make tough spending decisions.

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Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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