Debt ceiling battle getting serious

The Affordable Care Act takes effect soon, which won’t end the fight to end it.

Before we get back to that old fight, another old battle — a much more critical one — is being waged in Washington, D.C. It’s about the debt ceiling. Failure to increase it by Oct. 17 could send the nation into default on its obligations. Does anyone really and truly understand the cataclysm that will occur if we fail to pay our bills?

Congress has the authority to increase the amount of money the federal government can borrow to, um, pay its bills and meet its financial obligations. The Republican majority in the House of Representatives, though, is attaching a laundry list of demands on any bill to increase the debt ceiling. The list includes items that have nothing to do with the debt ceiling. They include approval of the Keystone pipeline project and federal tort reform.

President Obama says he won’t negotiate over the “full faith and credit of the United States of America.” He contends — correctly in my view — that the GOP-led House is “blackmailing” the president over the nation’s financial obligations.

President Reagan went through this as well. He scolded Republicans who ran the Senate for threatening the nation’s economic well-being by blocking efforts to increase the debt ceiling. GOP Senate leaders relented and listened to the Gipper.

This time around, House GOP leaders are telling a Democratic president to stick it in his ear.

I am not going to accept the notion that Reagan’s approving the debt ceiling 18 times during his presidency was more acceptable then because the national debt was so much smaller than it is today. The consequences of failing to act are just as grave now as they were during President Reagan’s tenure.

The major difference between then and now — as I see it — is that one major party has been hijacked by individuals who see themselves as institutional reformers. I see them as attempting to destroy the very government they took an oath to serve.