Showing posts with label public debt limit. Show all posts
Showing posts with label public debt limit. Show all posts

Tuesday, August 2, 2011

An Observation by Hunter S. Thompson

Over thirty years ago, the astute political observer Hunter S. Thompson wrote: “One of the basic laws of politics is that Action Moves Away from the Center. The middle of the road is only popular when nothing is happening.” Well, something is happening or happened in Washington politics today and President Obama’s ratings are on the downswing. It isn’t because he is leading and so unpopular – quite the opposite. It is because while he played chess with the Republicans in Congress, they were playing hardball to win. Chess is not a game in which you lead – even if it is multidimensional as some of the President’s people claim. Chess takes a careful, often subtle approach – usually too subtle for the opponent to notice. Hardball is played in the dirt and besides strategy, sometimes requires brute strength to hit one out of the park. Chess and baseball have something in common though – both are zero sum games. Winners and losers emerge. The problem with games though is that in the end, no one is really better off for the experience. To misquote UCLA football coach Henry Sanders – winning is the only thing.

The alternative to the zero sum game is a non-zero sum outcome. In these matchups, we can all be winners. We are better off for the experience and hopefully – a synergetic relationship that results in benefits for everyone.

The zero sum/non-zero sum perspective in politics is a dilemma. On one hand, we need a winner in the process – and a loser. A classic zero sum solution. On the other hand, we can’t function as a society when one half stridently disagrees with the other half and no one seems willing to compromise. Traditionally, we look to our political leaders, victorious from a hard fought but substantive election, for affirmation of societal goals hoping that a rising tide will lift all our ships – a non-zero sum solution. It is the difference between Thomas Hobbs’ “war of all men against all men” or Herbert Spencer’s “survival of the fittest” and Robert Kennedy’s There are those who look at things the way they are, and ask why... I dream of things that never were, and ask why not?” The first two are inherently zero sum, the second non zero.

The problem is, of course, modern elections are not substantive in nature and great political ideas are not much discussed. It appears to most outsiders that politics is a game without end, without rules, and where everyone seems to lose. How did we get to a place where party identification defines “the other”. Originally a Hegelian term, Edward Said refers to it as the act of emphasizing perceived differences for use in marginalizing people in power relationships. “Othering” can be done with any racial, ethnic, religious, or geographically-defined category of people; the other is different than us. The vitriolic flack columist Conor Friedersdorf, an associate editor at The Atlantic, caught from supporters of Sarah Palin after he reviewed the movie is a case in point (see comments here). Friedersdorf, a young libertarian, should be a natural ally of Palin. Instead, he was mindlessly castigated by her admirers as an “enemy of the state (of Palin)”. The attack was aimed not to move the political dialogue forward but to put down an insurrection. This is the politics of zero sum.

The debt limit debacle is the most serious case in point. Set aside the weeks of dithering and deal making. A look at the final vote reveals a pattern of…… not much. Long time Senators, those who should represent leadership, voted for and against the bill in no discernable pattern except the competiveness of their seat in the next election, freshmen voted for and against, tea party members – the contemporary protectors of the values of our founders, expressed a mixed voting pattern as well; it seems that TP members exhibit the same flexibility in policy positions as other, less principled politicians. Consistency will only take you so far in politics. Fully one quarter of the Senate found a reason to vote against a deal that will supposedly save the republic from foreclosure by China. We can hopefully look forward to some in depth analysis by David Parker on this site soon.

The recent debate mess is classic zero sum. In this case in particular, as evidenced by a poll from CNN – no one liked watching it and no one feels better. Let’s hope for better as we move into the fall campaign season.

Wednesday, July 13, 2011

The Public Debt Limit, Part II

It would appear congressional Republicans and the Obama Administration are getting nowhere in their budget talks despite the looming August 2nd deadline. If the two sides cannot agree by then, the United States will be in default on its loans. Who knows what would happen next? Most economists agree nothing pretty.

In light of these difficulties, Senate Minority Leader Mitch McConnell floats a third option: let's give the president the power to increase the public debt limit himself. Here's a video of McConnell discussing the plan:




The McConnell option nicely ties my last two posts together (see here and here). Congress finds it difficult to make politically hard choices when the public is attentive and opinions are intensely held. Congress also finds it difficult to make tough choices when it's easy to pin the blame on individual members. Raising the public debt limit is an example of an issue where the public is attentive, opinions are intensely held on the issue, and blame can be easily pinned on members by those opposed to the actions of those members. Hence, Congress--as Anthony King describes it--"runs scared" and either avoids the issue or finds away to punt the problem to someone else.

As the Crossroads GPS ad makes it clear, Republicans and vulnerable Democrats will be loathe to vote to increase the public debt limit. It is all to easy to craft a commercial and blame the member for increasing the nation's debt. Both Republicans and Democrats have attentive publics to worry about: The Republicans the Tea Party, and Democrats their base (those who receive many of the entitlements that would be cut in any deal). The end result is congressional leaders finding it difficult to cut a deal because members are not willing to put their careers on the line for one vote. To illustrate the point, when Congresswoman Marjorie Margolies-Mezvinsky (D-PA) cast the deciding vote for President Clinton's budget (which raised taxes on the middle class, despite Clinton's campaign promise) in 1993, Republicans were heard chanting: "Nah, Nah, Nah. Nah, Nah, Nah. Hey, Hey, Goodbye." And Congresswoman Margolies-Mezvinsky--who represented a Republican district and promised to not raise taxes on the middle class--lost in the 1994 Republican tidal wave. Voting against constituents on issues that are highly visible is not something members of Congress are eager to do.

Into the stalemate comes the McConnell option. Let's give the power to the president. Very simply put, this eliminates the traceability chain for members now and into the future and provides a solution to the current crisis. When Congress couldn't close military bases, they created a commission. When Congress couldn't develop a timely budget, they gave the power to the president. And when Congress realized that parochial interests undermined the nation's interest in trade policy (see the Smoot Hawley Tariff), they gave the president increasing power to negotiate trade agreements and Fast Track Trade Authority.

Congress has a long history of being unable to overcome the collective action problem, and their solution has been to increasingly give power to the executive branch. Given the flood of special interest money into the campaign process and the rise of what Jonathan Rauch calls hyperpluralism--both of which make it more difficult to make those hard choices and to govern--I suspect the powers of the executive branch will continue to increase at the expense of legislative branch. And I think both the left and the right can agree that this is not a good thing and certainly not what the Founding Fathers intended.