.MaddowBlog: A full decade after the nation's first-ever debt-ceiling crisis, Sen. McConnell and his fellow Republicans are gearing up for a dangerous sequel.
When GOP lawmakers created this crisis in 2011, did it really make a difference?
Yes. The fact that Republicans were prepared to crash the global economy, on purpose, did not go unnoticed. Just as the nation was finding its footing after the Great Recession, the GOP's debt-ceiling crisis slowed job growth in the United States to a crawl, did real harm to the nation's global reputation, and led to the first-ever downgrade to our debt rating.Largely much of the Beltway media covered the story as just another fiscal fight between Democrats and Republicans.
,"I can't imagine anybody using the debt ceiling as a negotiating wedge." The Republican went on to describe the debt limit as a"sacred thing in our country."What's on the Republicans' list of hostage demands this year? For the most part, nothing. GOP leaders aren't making specific demands, so much as they're saying they'll simply refuse to engage in responsible governing on this issue. The White House, meanwhile, is saying it wouldn't matter if McConnell & Co. came up with a ransom note, because the president won't negotiate with those threatening to harm Americans on purpose.
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