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The over-leveraged GOP

The over-leveraged GOP

The United States is currently in the midst of a leverage crisis, only it is a crisis that stems from political institutions rather than economic ones. The political leverage crisis concerns Congress, the White House and the Supreme Court, and it is animated by the excessive leveraging tactics of the House Republicans, especially the extremist faction of the House Republican caucus. "Leverage" is a concept borrowed from ancient physics referring to the property of a lever and fulcrum to create maximum force with minimum effort. It is commonly used in business to refer to the investment of borrowed money in an effort to seek outsized returns, the excess of which by economic...

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