White House and congressional negotiators are currently in the process of striking a deficit reduction deal, as most Republicans in Congress are refusing to raise the federal debt ceiling without deep cuts to public investments and social insurance programs like Social Security and Medicare. By doing so, these Republicans are essentially holding the country hostage, threatening the United States with default unless Democrats agree to these cuts.
Yet these Republicans were not always demanding hostages in exchange for allowing the country to pay its own bills. In November of 2004, Congress voted in both the House and Senate to hike the US debt limit by $800 billion, which raised the total ceiling to $8.1 trillion.
A ThinkProgress review of the votes in both the House and Senate finds that a whopping 130 congressional Republicans voted to hike the debt ceiling that November that remain in the US Congress today (either in their same seats or by coming to the Senate). These members of Congress did not demand draconian cuts in public investment that would've driven up unemployment and threatened the economy in return.
Of course, there was one other difference between then and today. President George W. Bush was in the White House, and Republicans did not have an incentive to try to politically damage him by holding the debt ceiling hostage. In 2002, during another hike in the nation's debt limit under Bush, his press secretary Ari Fleischer said it was important to raise the debt ceiling because it was not the time “to engage in activites that could in any way raise questions about the full faith and credit of the United States”:
MR. FLEISCHER: The Senate passed, 68-29, a clean increase in the debt limit. The President praises the Senate's action. The debt limit is a very important issue. This is not the time to play any — this is not the time to engage in any activities that could in any way raise questions about the full faith and credit of the United States. And the President urges the House to follow the Senate's action on this matter.
These votes also prove that these Republicans, when faced with the default of their country, are willing to vote to raise the debt ceiling; this indicates that it is perhaps unneccesary to strike any sort of deficit reduction deal at all to win their votes. If Republicans and Democrats want to strike a grand bargain on deficit reduction, they can certainly do that in the context of the budget appropriations process rather than holding the debt limit hostage.
We’re not backing down in the face of Trump’s threats.
As Donald Trump is inaugurated a second time, independent media organizations are faced with urgent mandates: Tell the truth more loudly than ever before. Do that work even as our standard modes of distribution (such as social media platforms) are being manipulated and curtailed by forces of fascist repression and ruthless capitalism. Do that work even as journalism and journalists face targeted attacks, including from the government itself. And do that work in community, never forgetting that we’re not shouting into a faceless void – we’re reaching out to real people amid a life-threatening political climate.
Our task is formidable, and it requires us to ground ourselves in our principles, remind ourselves of our utility, dig in and commit.
As a dizzying number of corporate news organizations – either through need or greed – rush to implement new ways to further monetize their content, and others acquiesce to Trump’s wishes, now is a time for movement media-makers to double down on community-first models.
At Truthout, we are reaffirming our commitments on this front: We won’t run ads or have a paywall because we believe that everyone should have access to information, and that access should exist without barriers and free of distractions from craven corporate interests. We recognize the implications for democracy when information-seekers click a link only to find the article trapped behind a paywall or buried on a page with dozens of invasive ads. The laws of capitalism dictate an unending increase in monetization, and much of the media simply follows those laws. Truthout and many of our peers are dedicating ourselves to following other paths – a commitment which feels vital in a moment when corporations are evermore overtly embedded in government.
Over 80 percent of Truthout‘s funding comes from small individual donations from our community of readers, and the remaining 20 percent comes from a handful of social justice-oriented foundations. Over a third of our total budget is supported by recurring monthly donors, many of whom give because they want to help us keep Truthout barrier-free for everyone.
You can help by giving today. Whether you can make a small monthly donation or a larger gift, Truthout only works with your support.