Posted on 07/14/2011 7:09:59 PM PDT by Sub-Driver
John Boehner: New debt option ‘may be worthy'
By: David Rogers July 14, 2011 09:12 PM EDT
With White House debt talks at a make-or-break stage, Speaker John Boehner signaled Thursday that he’s open to new options to avert a default next month, including a novel Senate plan that would surrender much of Congress’s power over Treasury’s borrowing to the president.
It would be a remarkable shift for House Republicans — something like telling Pickett’s charge to go around Cemetery Ridge and not up it. And Boehner’s remarks may be a ploy as he keeps throwing out options to his rank and file in hopes that they come around to the merits of the $4 trillion grand bargain he attempted with President Barack Obama last week — before being pulled down by the right.
But time is running short, and to describe Congress as a confused, even panicky army at this stage is not an overstatement. Senate leaders in both parties already are working on some survival strategy. And Obama, who will address the debt issue at a press conference Friday morning, will be forced to do the same unless he can salvage a more meaningful deficit reduction strategy over the weekend.
The genius of the plan put forward by Senate Minority Leader Mitch McConnell (R-Ky.) is that it gives lawmakers what politicians most love: an out. But it’s so obvious in doing so that deficit hawks are dismayed at the crossroads Congress has reached.
As outlined by McConnell, Congress would temporarily surrender its power to approve any increase in the debt ceiling.
(Excerpt) Read more at politico.com ...
Telling Obama he wont meet at Camp David this weekend.
Putting the Balanced Budget Amendment back on the books.
And throwing the RINO/DINO Globalists a bone.
Actually it's more like telling Picket's men to kill each other.
Look at this
The hot news of the night comes from S&P, which has warned that there’s a 50% chance that the US will lose its AAA rating over the next 90 days.
Obviously the debt ceiling fight as a lot to do with this, but there’s more! It seems S&P specifically wants to see $4 trillion in deficit reductions, and if this debt deal doesn’t produce that, then the US might still lose its AAA.
There’s virtually no chance of a $4 trillion deficit reduction without severe cuts to spending or tax hikes, either of which could be very negative to the economy.
Me either.
Does McConnell and Boner think the conservative base will support this capitulation??
The House would pass it. The Dem-RINO Coalition has a big majority and the TEA Party is still small.
In the Boner brings it up while the MSM is proclaiming the country is in full panic over it, it’ll pass.
Giving Obama more power is supposed to be a good thing??
TERM LIMITS
$4 trillion over 10 years is virtually guaranteed to be none at all. They will backload it and it’ll never happen.
All they have to do is fool a fraction of 'em into thinking Obama is the one with the spending problem; while Congress passes the spending bills.
The cause of the debt is the spending, and Congress is showing that it is unwilling to make substantial cuts in its spending. The "debt limit" is self-declared BS. Congress has control over it's own credit limit.
Nothing new here, past Congresses gave Bush the power to make new courts - until SCOTUS noticed that the constitution gives that power to Congress.
Amazing. RINOS are always inventing new ways to sell out this country.
I’m guessing that threats to vote the weasel(s) out are worthless - they have made their deals.
Other stories have characterized Boehner as giving ground, but when the details emerge, it is the opposite of that. I am inclined to give him the benefit of the doubt.
New House Speaker may be necessary.
Genius? Genius?!!!
I thought we were looking for a solution. Not an "out".
This defines what the GOP does not understand. They weren't elected to find an out. They were elected to do the right thing!
And now is the time for them to do it. Pass a debt ceiling bill that raises the ceiling by a modest amount. And cuts spending by at least that amount -- loaded to the near future. And prioritizes spending in the event of a future failure to raise the debt ceiling.
Pass it. Send it to the Democrat Senate. Dare them to vote it down. Then dare the President to veto it.
Then, whether the Treasury defaults or the Social Security checks don't go out -- there will be only one party to blame. The Democrats!
The Republican House would've done their job. And they did it in a manner that most independent voters would understand, appreciate and support...because:
It was the right thing to do!
What the hell is wrong with these people?!
Cool I always wanted a king, I just didn’t see how it could be done, now I know. All you need to do isnjust have traitors in both houses, and a Aussie court.
On the other hand this may force Palin to make a move, or get out of the way. Can’t wait for the pressed tomorrow.
America's Ruling Class -- And the Perils of Revolution By Angelo M. Codevilla
I agree with your characterization of other stories and I have been [until tonight] proud of the DC Rs.
But this is dumb. Some new crazy law to avoid blame?
How about take charge and write a reasonable increase WITH reasonable cuts?
Then again McConnell might announce a plan to beat Obama by making him dictator for life. “Then he can have all the blame” McConnell will say.
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I know. Is it not the absolute nadir of Stockholm Syndrome absurdity? Rove, McConnel, Boehner, Steele, Powell, Graham, McCain, Murkowski . . . .
Liars all.
Frauds all.
Traitors all.
“Time to think the unthinkable. Remember 1789.”
Aux armes, citoyens,
Formez vos bataillons,
Marchons, marchons !
Qu’un sang impur
Abreuve nos sillons !
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