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Alan Simpson Nails It On The Debt Ceiling

Jan 16, 2013, 15:21 IST

www.flickr.comAlan Simpson was on CNBC yesterday, talking about the debt ceiling.

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Calculated Risk has his comments. He nails it:

Maria Bartiromo: "Do you believe the GOP should be using the debt ceiling as leverage point to get the President to agree to the cuts?"

Alan Simpson: "I think that would be a grave mistake. I don’t think that would solve anything. I know they are going to try it, and how far you go with a game of chicken, I have no idea. But I can tell you … you can’t, you really can’t … This is stuff we’ve already indebted ourselves. If you’re a real conservative – a really honest conservative, without hypocrisy – you’d want to pay your debt.And that’s what this is, they are not running up anything new."

This is part of a bigger trend: There's a fair amount of outside pressure, even from the right, on conservatives to not take a stand on the debt ceiling.

This is something that Ben White, in his Morning Money note, does a great job summarizing today.

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In addition to Simpson, you have folks like Newt Gingrich and the Koch Brothers saying the same thing, that the debt ceiling isn't the place to take a stand.

You also have a fair number of folks, like former Treasury official Tony Fratto, pushing back against the idea that "prioritization" is anything but bonkers.

Inside the House GOP, there may be a rising appetite to take it to the limit. Outside the GOP, there's a growing number of folks yelling STOP.

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