Senate Minority Leader Mitch McConnell’s (R-KY) vow that Republicans will filibuster an increase to the debt ceiling — which would trigger a default on U.S. debt payments for spending that had been accumulated by both parties — needs to be treated as a serious threat to the country rather than just partisan gamesmanship.
To be clear on the stakes, The Washington Post has reported on the potential economic consequences of a default: “Mark Zandi, chief economist at Moody’s Analytics, found that a prolonged impasse over the debt ceiling would cost the U.S. economy up to 6 million jobs, wipe out as much as $15 trillion in household wealth, and send the unemployment rate surging to roughly 9 percent from around 5 percent.”
But several major mainstream outlets are bungling their presentation of the facts, essentially taking Republican malfeasance as a mere political game.
The Associated Press, for example, carried a wire piece that on its face pointed out aspects of Republican bad-faith arguments: “Senate Republican leader Mitch McConnell said since Democrats control the White House and Congress, it’s their problem to find the votes — even though he had relied on bipartisan cooperation to approve the debt limits when Republicans were in charge.”
The problem, though, was the headline: “House OKs debt and funding plan, inviting clash with GOP” — as if Democrats engaging in responsible governance were “inviting” a hostile response.
In another example, Politico said in Wednesday morning’s edition of its Playbook newsletter that the “good news” for McConnell was that he might be able to escape political blame with the American public. The same paragraph noted that it was McConnell himself who was responsible for the situation — so the only way that McConnell could get away with such conduct is if media outlets like Politico keep knowingly treating this as “the blame game.” (Emphasis in original.)