But there is no "compromise" if the Republicans raise the debt ceiling. In the past, they've known that you simply had to do it to protect the economy - only in the new Tea Party reality is it even a thought that perhaps we should just go ahead and destroy the markets by not paying our debts.
Indeed, this is the first vote that Republicans have decided not to do it. Before that, they had the common sense to see that it was a necessity.
Only in the whacktastic Tea Party-ruled land we exist in now is it not common sense.
The only ones tying requirements to the debt ceiling vote are Republicans. And in doing so, they are holding our nation (and my retirement accounts) hostage.
Second, this problem was created by Republicans and Democrats alike. Blaming the Tea Party has become a lazy out for those who wish to continue down this untenable road of American economic destruction. We cannot continue to just keep raising the debt ceiling. Every economist admits to this, even Geithner.
The issue currently being fought is whether or not taxes should be increased and more government spending included in the raising of the debt ceiling. Adding government spending while trying to reduce government spending is prototypical Washington insanity.
Increasing taxes as a part of the debt reduction at least has some plausibility, an in my mind will be required in the future, but is a terrible idea right now because the economy is too fragile and tax hikes will harm our meager economic recovery.
As for who is tying requirements to the vote, both parties are. Hopefully you aren’t such a homer for one side or the other that you can’t see this obvious fact.