he United States is heading for a cliff -- and taking the world with it
岸田新総裁 甘利氏を党の主要ポストで起用へ 陣営幹
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This story was excerpted from the September 28 edition of CNN's Meanwhile in America, the daily email about US politics for global readers. Click here to read past editions and subscribe.
(CNN)It's a game of chicken with the global economy.
The United States is heading for a cliff over the need for Congress to lift the ceiling on how much the US government can borrow. If things go wrong, the reverberations will be felt far beyond US shores.
Since the US government spends more than it takes in through revenues, a debt default would force it to stop paying out — so military salaries, government retirement payments and other benefits would dry up. And if the US can't pay interest on its debts, the rates it pays to borrow money will probably rise — meaning that mortgages, car loans and credit card bills would also go up. Millions of Americans would probably lose their jobs and the slowing pandemic recovery would crash. Since the stability of US debt is the bedrock of the global economy, a default by Washington could plunge the rest of the world into crisis.
The unthinkable nature of these consequences is why Washington's warring politicians, generally after a period of brinkmanship and concession wringing, generally bite the bullet and vote in the dead of night to raise the debt ceiling. But this time is different.
Republicans are refusing to play ball because they say President Joe Biden's Democrats are on an-out-of-control spending spree that will balloon the national debt — currently standing at nearly $29 trillion. Their position is deeply hypocritical. For a start, Democrats voted with the GOP multiple times to raise the debt limit under Republican presidents. But more than that, the debt limit must be raised to pay for obligations that the Republicans themselves incurred by voting for massive tax cuts that favored the rich under then-President Donald Trump. It's as if the country went on a tear in Las Vegas for a week and refused to pay the credit card bill.
But Republicans want to wash their hands of the responsibility and accuse Democrats of bankrupting the country, as Biden pushes a $4 trillion bid to reshape the economy to help less well-off Americans. Because so much is at stake, they know that the Democrats will have no choice in the end but to pass the debt limit increase on their own -- and pay the political price.
'We have, frankly, nowhere else to go'
"Governments acting alone cannot overcome the problems facing our world," Canadian Foreign Minister Marc Garneau told the UN General Assembly on Monday, drawing on his own bona fides as former astronaut to make his point. "I have realized... that we all come from the same place and that we have, frankly, nowhere else to go, and that we must find a way to get along with each other," he said. "Space offers the unique perspective of seeing beyond one's own national borders."
(Photo by Mandel Ngan / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
Updated 0321 GMT (1121 HKT) September 29, 2021
Analysis by Stephen Collinson
岸田新総裁 甘利氏を党の主要ポストで起用へ 陣営幹部務める 2021年9月30日 4時58分
自民党総裁選挙は、決選投票の末、岸田前政務調査会長が新たな総裁に決まりました。岸田新総裁は、党の役員と閣僚の人事の検討を進めていて、陣営の幹部を務めた麻生派の甘利税制調査会長を党の主要ポストで起用する方針を固めました。
自民党総裁選挙は29日に投開票が行われ、1回目の投票では決着がつかず、岸田前政務調査会長と河野規制改革担当大臣の上位2人による決選投票の末、岸田氏が新しい総裁に選出されました。
岸田氏は、来月4日に召集される臨時国会の冒頭に行われる総理大臣指名選挙を経て、第100代の総理大臣に就任し、新内閣が発足する運びです。
これを前に、岸田氏は党の役員と閣僚の人事の検討に入り、29日夜、都内のホテルで、派閥の所属議員らと対応を協議しました。
岸田氏は1日に新たな党役員の顔ぶれを決めたうえで、週末にかけて閣僚の人選を進めることにしていて、これまでに今回の総裁選挙で陣営の幹部を務めた麻生派の甘利税制調査会長を党の主要ポストで起用する方針を固めました。 甘利氏は今回、いち早く岸田氏の支持を表明し、党内の各派閥の幹部らに働きかけを続けました。
岸田氏としては、当選12回のベテランの甘利氏を起用することで、党内基盤を安定させるねらいがあるものとみられます。
また、細田派に所属する萩生田文部科学大臣を重要閣僚か党役員に起用する方向で調整しています。
岸田氏は、今回の人事で、河野氏ら総裁選挙で争った候補者のほか、中堅・若手を起用する考えを示していて、みずからが目指す挙党態勢を構築できるかどうかが焦点となります。
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