When debating the merits of a public policy is just so boring, and less likely to achieve the desired result, use extortion:

As a possible government shutdown looms, environmental activists who oppose construction of the Keystone XL pipeline say they are increasingly alarmed that the project might become a bargaining chip in last-minute negotiations between Republicans and President Obama to avert a fiscal crisis.

If built, the 1,700-mile pipeline would carry millions of gallons of crude oil from Alberta in Canada to American refineries on the Gulf Coast. Because it crosses an international border, the pipeline requires approval by Mr. Obama’s administration after a review by the State Department. Mr. Obama has repeatedly said he would not make a decision until that process was complete.

But Republicans who support the pipeline have already signaled that they intend to demand approval of a permit for its construction in exchange for their willingness to support Mr. Obama and raise the nation’s debt ceiling next month.

“We feel like this is our only option,” said Representative Lee Terry, a Nebraska Republican who is one of the leading pipeline supporters. 

via www.nytimes.com

Wikipedia says this:

Extortion … involves the verbal or written instillation of fear that something will happen to the victim if he or she does not comply with the extortionist's will. 

As I understand it, a government default would be bad.

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  1. Mal Avatar

    Careful John, You’re getting a bit political.

  2. John Whitehead Avatar

    I don’t much like politicians when they act like this. Is that too political? And show me where a government default is a partisan issue.

  3. Mal Avatar

    Then just be fair in your criticism and express your displeasure when the Democrats use questionable tactics. I’m quite sure they do to. I.E. the way the affordable care act was passed.
    2. Default is not in jeopardy. It’s not the issue. What’s the interest on the debt ~$450 billion out of a ~$3,800 billion budget. It’s used as a scare tactic period. Their is plenty money to pay interest without borrowing and their are plenty of places to cut spending. Just ask Senator Tom Coburn.
    As an economist I would think you would be more concerned with the potential of a debt crises particularly if and when interest rates return to normal levels.

  4. John Whitehead Avatar

    Got it, the next time anyone in either party tries to shut down the government or threatens to default on the debt in return for agreement on something that they would be less likely to get agreement on in other political circumstances I’ll cry foul.

  5. John Whitehead Avatar

    Default includes failure to repay principle.

  6. Mal Avatar

    Seems like you have a rather narrow(&one sided) view of legitimate yet questionable political tactics. And your concern about the national debt is ?????

  7. John Whitehead Avatar

    “And your concern about the national debt is ?????”
    I’m not sure your point. I’m on record with concern about the national debt. For example, I’d like for carbon tax revenues to be used to reduce the debt instead of cutting income taxes. This is a bit heretical among economists.

  8. John Whitehead Avatar

    “Seems like you have a rather narrow(&one sided) view of legitimate yet questionable political tactics.”
    I disagree that this is one-sided. It is narrow, but I only flip out about politics when things get extreme.
    I anxiously await your next accusatory comment!

  9. Mal Avatar

    Lighten up John. My comments are accusatory? of course they are. You are extremely one sided. but you are welcome to your view just as I am. Your solution to the dangerous direction of the national debt…tax more. I and many others disagree.
    I’m always amazed that there are as many right leaning people as their are given that most of the US’s educational system(you are a good example) and mainstream media is left leaning.

  10. John Whitehead Avatar

    I’m a conservative economist according to the National Journal:
    “Liberal economists tend to like a carbon tax, too, but usually differ with conservative economists over what to do with the revenue. They’re more likely to see the revenue as an opportunity to extend government services, subsidize alternative energy, or, in the current economic environment, pursue some other form of stimulus.
    Conservative economists are more likely to advocate using the revenue to lower rates on other taxes, give everyone a tax rebate, or pay down the deficit. It’s these latter uses that are likely to dominate the discussion of a carbon tax in the coming months.”

  11. Mal Avatar

    Fair enough. Myself, I’m still opposed to a carbon tax and I’d reduce the debt mainly via spending reduction but unlike my fellow right wingers I’d tax the BeJeasus out of the very rich… not CO2.

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