Political Buzz Debt Ceiling Showdown August 6, 2011: Washington Post Analysis — The Reasoning Behind the Republican Showdown in the Debt Crisis — “Origins of the Debt Showdown”

POLITICAL BUZZ

OBAMA PRESIDENCY & THE 112TH CONGRESS:

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For the GOP, the debt showdown was a ‘leverage moment’:

Source: WaPo, 8-7-11

Origins of the debt showdown

The frantic showdown over the debt ceiling that played out in Washington, bringing the nation to the brink of default, looked like the haphazard escalation of a typical partisan standoff. It wasn’t.

Rather, it was the natural outgrowth of a years-long effort by GOP recruiters to build a new majority and reverse the party’s fortunes. That effort began before the economy collapsed in 2008, before the government bailouts that followed, before the tea party rose in response to push its anti-tax, anti-spending message.

The Washington Post reconstructs the Republican party’s transformation, and its impact on the nation’s economic course, through interviews with the leading participants during this summer’s drama and from earlier interviews, some of them recorded, at various points during the past 2 1/2 years….READ MORE

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