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 ...
This is just wonderful.
I’m so thrilled to know that congress is willing to abdicate its fiscal responsibilities and empower the executive branch with the authority to saddle us with debt.
Wouldn’t surprise me if Boehner is testing the strength of his voice.
They are under tremendous pressure right now, from both the folks at home, and the whacckjobs in the media.
Of course, they are.
But, for the past twenty years, they've paid more attention to the "reporters in the bubble" than they have to the "folks back home".
It is past time for them to do what they should know is the right thing to do.
The Racket. They’re insulated from inflation with this debt increase....
Their goal: Durable Power of Attorney over every American.
(and they have part of it, through Vampire-Care.
He has not gone wobbly. He has just shown us he is an idiot.
And next week the House and Senate Republicans will pass a bill making obama king/dictator/premier/grand poo bah for life.
Just obama unleashed.
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