Over a decade ago, Mitch Daniels was the Bush/Cheney budget director, and was on “Meet the Press” when a debt-ceiling vote was coming up. Tim Russert asked what would happen. “We’re going to raise it, as a reasonable government must,” Daniels said. “This is really housekeeping, Tim. This has nothing to say or do with future spending. This simply reflects decisions made in the past, and it ought to be treated as the housekeeping matter it is.”
The quote lingers because of its political salience: a very conservative OMB chief was saying then what Democrats are saying now. And this morning, it happened again.