Senator Ted “Banzai!” Cruz has become an expert in suicidal politics
The Congressional Republicans’ Kamikazi politics ended up in flames today when the House voted 285 to 144 to okay a Senate plan approved earlier 81 to 18 to end the government shutdown and increase the debt limit.
Spearheaded by Senator Ted Cruz, the Republicans had demanded that the Affordable Care Act (ACA) be defunded as a condition for ending the government shutdown.
The Republicans’ obstructionism and recklessness had resulted in a shutdown of government for 16 days. Meanwhile the Treasury had set an October 17 date by when the U.S.’s ability to borrow would have ended.
President Obama says he will sign the legislation to end the shutdown as soon as it reaches his desk.
The Dow Jones index had slid sharply Tuesday as the October 17 date neared with fears that even some default by the U.S. would trigger instability in the Global financial markets.
Even then, several weeks of acrimonious negotiations can be expected as the deal hammered out and passed today by both Houses funds the federal government only through January 15. The debt ceiling is raised only through February 7.
Still, here in New York and elsewhere elected officials and activists quickly issued statements lauding the deal.
“Our national nightmare is over,” said Rep. Hakeem Jeffries (D-NY). “The government will reopen, a default has been averted and it’s time to get back to doing the business of the American people.”
The New York City Comptroller John C. Liu, while welcoming the agreement said: “It is dismaying that a handful of members of Congress were able to bring the nation so close to a financial catastrophe. There are some in Washington who claim that default would be manageable. This view is ignorant and irresponsible. The