Boehner offers debt-ceiling increase in cliff compromise

WaPo ^ | 12/16/2012 | Lori Montgomery and Paul Kane,

[GVnana]

House Speaker John A. Boehner has offered to push any fight over the federal debt limit off for a year, a concession that would deprive Republicans of leverage in the budget battle but is breathing new life into stalled talks over the year-end “fiscal cliff.”

The offer came Friday, according to people in both parties familiar with the talks, as part of the latest effort by Boehner (R-Ohio) to strike a deal with President Obama to replace more than $500 billion in painful deficit-reduction measures set to take effect in January.

Obama administration wants to limit deductions by high-income earners, including those given to charities.

With the national debt already bumping up against a $16.4 trillion cap set last year, Congress risks a government default unless it acts to raise the debt ceiling in the next few months. Some Republicans had argued that party leaders should use the threat of default to demand additional spending cuts from Obama.

Boehner’s offer signals that he expects a big deal with sufficient savings to meet his demand that any debt limit increase be paired dollar for dollar with spending cuts. That would permit him to keep a key vow to his party — and head off a potentially nasty debt-limit fight — at least until the end of next year.

[WOSG]

“Boehner is scared to death of Dec. 31 coming with no deal. Why he is scared is of no consequence,”

We weaker GOP caucus in the House and more liberal Senate in January. PLUS the media has already pre-blamed the GOP for any failure. So even though many Democrats would like to go over the cliff, Boehner does not want to do so.

[WOSG]

you mis-spelled OBAMA...

The USA has come to a very sorry state of affairs when one person of the likes of OBAMA can sell out the economic and traditional values of our Nation.