Our View: Moving the fight a good option
News out of Washington on Wednesday that House GOP leaders have elected to remove themselves from a sticky situation that could have plunged the American economy into further depths of despair.
At one point, the debate over the nation's debt ceiling was mired in Republicans looking to use the negotiations as leverage for deeper spending cuts while Democrats and the White House giving just as much push-back to the idea.
The potential showdown could have set the American economic situation back decades while shutting down the federal government for an untold amount of time.
Now, however, it appears that House Republicans are willing to move the fight and, just maybe, look for compromise.
President Barack Obama has repeatedly said that he will not negotiate issues surrounding the nation's debt limit.
We believe he has correctly stated that a refusal to raise the debt limit is "irresponsible."
Look at it like this:
Some argue that not raising the debt ceiling is equating to taking the federal credit card and cutting it up. However, it is just the opposite. It is no different than just refusing the pay the bill.
As a lot of American consumers are aware, that is not responsible business.
A move to hold the debt ceiling hostage while trying to negotiate deeper spending cuts could have global repercussions.
Currently, instead of starting the debate, House Republicans appear poised to pass a bill to hold the debt limit discussion until May 19. The intent here is to open negotiations to spending cuts, which comes at the same time Congress will also have to look into deep spending cuts that are due to go into effect March 1.
But, don't be mistaken.
Even if Congress finds a way to remove a debt default off the proverbial economic table, there are still significant budget discussions yet to be had.
Our past has shown us that the American public will not have a high regard if House Republicans force a government shutdown.
However, this latest move shows that, perhaps, Republicans are willing to come to the table and not continue to hold the nation's already fragile economy at risk.
By Matthew Clark, for the Editorial Board
The Daily Courier Editorial Board consists of community members Jerry Brewer, Kyle Bingham, Tom Padgett, Dr. Shermaine Surratt and Cliff Strassenburg as well as Editor Matthew Clark