Skip to comments.NYT: Boehner indicates flexibilty on debt limit
Posted on 10/03/2013 10:26:52 AM PDT by illiac
WASHINGTON (MarketWatch) -- House Speaker John Boehner has told colleagues he's determined to prevent a federal default and is willing to pass a bill raising the debt limit with both Republican and Democratic votes, the New York Times is reporting.
(Excerpt) Read more at marketwatch.com ...
We will see. Sounds like agitprop.
Boener being played again. Obama spooks Wall St, they oblige and Boehner blinks.
Didn’t we go through this last year?
How about this time we don’t cave to the Democrats? We tried your way Democrats, it didn’t work. This time it’s our way.
Oh that’s right, Vichy Boehner is in charge... never mind.
Obama and Boner played into Cruz’ hands. Primaries are coming and Cruz has effectively split the GOP into two camps. Even if Boner survives the primary he’s done as speaker. Now conservatives are poised to take over the House and Senate far better than before.
Betraying Brain-less Ball-less Bawling Bone-less Bohner...
If he tries to raise taxes, depose him immediately.
Huff, puff, cry, cave. Repeat as necessary.
Default occurs only when interest payments cannot be made, which the FedGov can absolutely make with existing revenue.
No increase. Conservatives need to fight as hard for this as we have for holding the line against Obamacide.
correct, likely agitprop similar to email releases.
As Patton crosses the Elbe and Zhuhov encircles Berlin, General Boehner offers his unconditional surrender to the Axis.
We’re being sprayed on by Agent Orange.
Did the people who own Lear jets get taxed?
While I’m skeptical of Boehner’s ability as speaker, I could see Boehner trying to play it out this way: He offers up raising the debt ceiling as a way to get 0bama to the table. It might be a sound strategy, except for one thing.
0bama is a communist.
Anyone who re-elects this Nasty Pelooser impressionist is crazy!
You forgot “Boozy.”
Betraying Boozing Brain-less Ball-less Bawling Bone-less Bohner...
He wanted to fold with Obamacare, but he can't whip the votes. The Republicans in the House fear their constituents more than Boehner. Cruz changed the playing field.
But there hasn't been any Cruz-like leadership regarding the debt ceiling --yet.
Are you saying just no increase whatsoever, never? And just see where the chips fall? Really?
You know what I would do if I was House GOP leadership? I’d pass a 4-part debt limit increase immediately, call it the 5/4/3/2 plan:
1. +500B effective 10/01/13
2. +400B effective 10/01/14
3. +300B effective 10/01/15
4. +200B extra, effective 07/01/14 if Administration OK’s Keystone XL prior to 11/01/13 and does not subsequently obstruct.
We have to stay ahead of the markets, if there is going to be a panic let it be while the issue is being fumbled in the Senate, not in the House.
We’re not going to win the Debt Ceiling fight and the sooner we get it out of our hands and into their’s the better. Come up with something that’s both 1) reasonable, and 2) something The Demagogues won’t like, and force them to deal with it. Then we get much better coverage and messaging. It’s too fair an offer for The Demagogues to reject:
1) If the Senate says no, then the market will convulse and it will be The Demagogue’s fault.
2) If gets passed, Obama should be able to keep the Debt increase under $700B, but not likely $500B, so he has no choice but to approve Keystone; but if he rejects KXL, he’ll look bad if he can’t make a $500B increase in credit line last 12 months. And even worse for saying “No” to good public policy like Keystone.
Business/Markets will like the 500/400/300/200 plan because it pushes the issue out another 12 months; Conservatives ought to like it because it embeds a slowing growth of debt. And both will like it because it takes another shot at Keystone, which is a very good issue for us. To moderates it will look reasonable and responsible. And it will drive The Demagogues crazy!
Keystone is a very popular idea, and (almost) everyone accepts that some kind of short term debt limit increase is necessary. For any sane person it is a win-win to offer both to Obama; it will be easy to crush him if he says no. There is no Grand Bargain with this guy - he will just string us along because he thinks we will take the blame. It is all political with him. It is only political with him.
We have to pass some kind of debt ceiling deal before the market pukes and has like a 500 or 1000 point drop. That will be our fault, we’ll fold like a cheap suit like we did with TARP, and it will be embarrassing.
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