Progressive Democrats vote ‘no’ on debt bill

An interesting Facebook comment from Doug Henwood, the economist who runs Left Business Observer:
Another fun fact: two-thirds of the yes votes in the House for the budget bill came from Republicans; they were for it by 174-66. Dems were divided, with 95 for, 95 against. Has Obama become the de facto leader of the Republican party?
I think it is instructive to look at the Democratic “no” votes, to understand what this budget/debt bill means for the long haul. The most progressive members of the House cast votes against the bill, members who have committed themselves to defending programs that aid the middle class and poor, who view government as a necessary bulwark against the predations of capitalism.

Here is the statement from the cochairmen of the Progressive Caucus, Raul Grijalva (D-Airz.) and Keith Ellison (D-Minn.):

While voting to increase the debt ceiling is a necessary step, the deficit-reduction measures included in this deal will further harm our economy and hurt working Americans. With unemployment still above 9% and stagnating economic growth, taking money out of the economy will only place a heavier burden on working families.

This is the wrong approach for our economy at the wrong time, and it goes against our basic values. For that reason, we and many of our members will be voting no.

Progressives are committed to prosperity for the middle class, and we believe that reasonable deficit reduction can be achieved while advancing our values. But today’s deficit-reduction deal falls short. Republicans have sought to dismantle basic services for average Americans while spending more to support millionaires and corporations.

Tea Party Republicans have held our economy hostage to those demands, but deficit reduction should not be enacted in a hostage situation. We have long said default on the full faith and credit of the United States is unacceptable. If this bill is defeated, we urge the President to use his 14th amendment powers to raise the debt ceiling and avoid default.

We will continue to fight for programs that help working families. During recent weeks the Congressional Progressive Caucus stood with millions of people across the country to protect Social Security, Medicare and Medicaid from being cut in the deal being voted on today.

But preventing the worst from happening is not enough. Americans will not stand by while their livelihood comes under attack. We can structure our economy in a way that benefits everybody—not just special interests, and not just the extremely wealthy. We can articulate a vision for the country not based on what America can’t achieve—but what it can. That is the type of leadership Americans expect.

Obama is mentioned in the statement only tangentially, but the attack on false leadership must hit him along with the GOP leadership, which has used the Tea Party minority to stall the debt debate and push the compromiser-in-chief into a corner. A president more committed to progressive principles might have pushed back, but a Wall Street-friend Democrat just isn’t going to do that.

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Author: hankkalet

Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie.

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