Hypothesis on Why the Debt Limit Crisis

Apocalypse?  NOT!
Apocalypse? NOT!

This is not a conspiracy theory. It is, at best a Conspiracy Hypothesis. For sure it is my idea of why the Crisis is happening. So sit back, get comfy and hang-on the ride just might get bumpy.

First I do not think there is a single causal factor for the Default crisis. I think it has many causes, big and small and I’m not going to try give them any any order and I just may leave out a few. So, dear reader, if readers there be, feel free to share with me your ideas.

To start with let’s look at the very bad idea that politics is a Zero Sum game. While politics can be played as a zero sum game doing so means there can be no compromise. There is no possibility of everyone wining or loosing. This goes against everything politics is suppose to be about, ”Compromise” is what it’s all about. Yes, there are some things you can’t compromise on but you need to be very clear in your own mind just what they are and what standing your ground will cost. You always have to assume the other side has their own no-compromise issues too. An you have to be ready for everyone to loose.

As an example of what I’m talking about let’s look at one of the most well known Zero Sum games, Tic-Tac-To. Played correctly neither ”X”s or ”O”s can win, it always ends in a draw (by the way it’s the same in chess). Unfortunately way too often when you try to play a non-Zero Sum game as a Zero Sum game you can end up with all the players loosing. A well known modern example is the doctrine of “Mutually Assured Destruction”. (A wonderful movie explaining this is ”War Games”)

Another idea helping the crisis along is that the other side will blink. This is a fools bet. It is based on the false assumption that the other guy is going to blink and you have nothing to loose. I politics this comes down to believing your people are willing to pay the price of everyone loosing. It is kind-of like playing Chicken by driving your car head on into another car believing that even if you hit you won’t be that bad hurt. In this case we have two sides playing Russian Roulette with fully loaded automatics pointed at their heads.

Finally I think a big reason for the crisis is the hubris of the House GOP Leadership. Particularly the current Speaker of the House. In making the deal(s) to get elected Speaker Rep. McCarthy demonstrated just how badly he wanted to be Speaker and that he was not willing to give it up for any reason. He now has the problem of not being able to control any of the several factions of his party. That he really is not a leader, but just a mouth piece for the current, most powerful faction. That he can not negotiate in good faith because any and every thing he agrees to has to be taken back to his caucus and it only takes five votes to renege on his agreement. That there are rumored to be a sizable number of votes in the GOP house caucus for forcing a default just makes things all the more difficult.

So that is it for now. Do let me know what you all think of these ideas I promise more once my ideas come to geather.