Feb. 7, 2016 SIGN IN | REGISTER

Serious Debt Reduction Will Require Courage

Sen. Orrin Hatch has long been one of my favorite people in Congress. In years past, I testified in front of him several times when he chaired the Senate Judiciary Subcommittee on the Constitution, and I always enjoyed the intellectual give-and-take. He is a gentleman, a mensch and a real legislator.

The Utah Republican is a fierce partisan and a bedrock conservative, but he has frequently tried to marry his principles with a desire to find solutions to problems, of course with the model being his storied friendship and working relationship with the late Sen. Edward Kennedy (D-Mass.).

So I winced when I saw that he had apologized for his vote in favor of the Troubled Asset Relief Program when heckled about it at the Conservative Political Action Conference.

“Not a lot of people are willing to say they’re sorry,” Hatch said. “But I will.”

Let’s rewind back to the fall of 2008, and imagine what would have happened if Congress had rejected the bailout (as the House did in its first iteration). The odds are overwhelming that we would have seen a global credit freeze, plunging the fragile global economy into depression, or at least a deep, deep recession. We would still be feeling the effects in a big way now. The consequences not just for jobs and economic growth, but for the very stability of democratic regimes in many countries in Eastern and Western Europe, not to mention Africa, the Middle East and elsewhere, would have been profound, negative and frightening.

Instead, we had a program that was and is deeply unpopular — and wildly successful. It did not cost taxpayers its initial commitment of $700 billion, though it would have been worth the price. It didn’t cost half that amount — or a quarter, or a 10th of it. It may not cost taxpayers a dime in the end. It will go down, I am convinced, as a heroic act on the part of Congress, even though it unfortunately ended up rewarding many scoundrels and miscreants. Lawmakers who voted for it should not apologize for their votes — much less, as some craven ones have, demagogue against it.

Orrin, you did the right thing, for the right reasons. Please don’t start down a path of apologizing for being a good and conscientious public servant. You won’t gain anything with angry populists, but you risk losing some of the luster on your solid reputation.

With that off my chest, a few observations on the budget battles ahead. The House Republican appropriations plan — that is, the one adopted under threat of party mutiny by Budget Chairman Paul Ryan (R-Wis.) and carried out by Appropriations Chairman Hal Rogers (R-Ky.) — might actually provide a teachable moment. Most Americans, we know from surveys, have not a clue what is in the federal budget. Their anger at Washington, D.C., and cynicism about Congress have people believing it is all waste, fraud, abuse, earmarks and foreign aid.

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