Wrecking the Country for Political Gain

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Megan McArdle writes today that if Republicans really follow though on their insane threat to allow the United States to default on its debt, it would probably be good for Democrats in the 2012 election. A reader asks: if that’s the case, then why are Democrats fighting so hard against it? Why not just let the default happen, blame Republicans, and then reap the benefits next November? Megan replies:

I think some version of this question is going through many conservative minds. But it commits a fundamental error: it assumes that this is some sort of zero-sum game….What the people asking this question are missing is that the budget needn’t be zero-sum: it can be negative-sum. It is possible for the Democrats to lose without the Republicans winning. Both sides can end up worse off.

Nope. In this case, we’re talking about a strictly zero-sum outcome set: 435 House seats, 33 Senate seats, and the presidency. In pure partisan terms, if one side loses ground, the other side gains. That’s completely independent of how default affects the country more generally.

So why are Democrats fighting against default? “Leave aside the naive thoughts that Democrats might be trying to avoid default because they, like, care something about the honor of their nation,” says Megan. Indeed. I leave the rest of the blog post in the able hands of my commenters.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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