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Does this say Paul Ryan advocated raising taxes? Because the headline suggests that the outcome of all this angst is that the GOP will raise taxes. So, where does it say he’s advocating raising taxes?
`If they are that scared why did they start this in the first place? Lame.
Everyone has always known that it will eventually be raised.
The only doubts are what the Republicans would extract in exchange for raising it.
The cited article has a sensational headline that isn't supported at all.
Time for the government to eat its peas.
The people have had enough of them.
Deal with it.
Maybe it’s time we held a Peas Rally, send a can of peas to Obama to let him know we’re not in the 80% that want our taxes raised.
They’re 100% correct as to what happens if noting is done. The key is to get far more cuts that any hike in the ceiling. Had they cut spending several months ago it need not have come to this but now,how much spending can they cut in 2 weeks without wrecking the economy?Any hike can be temporary. Let them sign a bill giving 2T now with the mandate that the treasury has to retire 1T over the next 12 months and another 1T the 12 months following. By that point much less spending so they can reduce the debt every year.
The only other option is standing strong and hope Obama caves in on enough spending today to buy another few months. I honestly believe he would rather let all hell break loose rather than give up Obamacare and scale back other programs immediately.
Who blinks first?
If any of my Republicans vote for raising the Debt Ceiling or Raising Taxes I will vote against them.
CASE CLOSED!
Bye, bye GOP if this happens.
Currently the government can borrow money on a 5 year note for less than 1.5% per year if the debt ceiling is raised. The exact rate last Friday on the five year Treasury Note was 1.446% [This is money that the government borrows from banks, institutions, individual buyers, other governments.] This rate is LESS THAN INFLATION. We can be using this money to repair our failing bridges, roads and other infrastructure. Of course, we should cut wasteful spending and encourage private support for things like our space program that have commercial potential.
I find this really hard to believe, as he has said in press conferences "no it wont".
I hate to say it - but it ain’t the ceiling - it’s the spending.
Put the ceiling wherever it needs to be to cover promised spending “TODAY” but chop with an ax any and all spending bills as of today.
I fully expect the Republicans to cave and thus set the stage for four more years of Obama. We have little or no Statesmanship in our government.
Our economy is a wreck because of irresponsible spending, mainly by the Democrats. Giving in now sets the stage to give in again and again until our economy collapses.
Are we just saying we will do it "right" next time, but for now we blink and find more excuses, rationale, and explanations for why we must continue irresponsible spending, borrowing, printing, and taxing.
Is the GOP about to cave on taxes?
Was there ever any doubt?
They always raise the limit and push the cuts into infinity, where they are never happening, but are GOING to happen--NOT!
What a bunch of wusses. They need to forget about Keynes and try a litte of Ludwig von Mises. He believed govt. intervention just PROLONGED recovery and said let the free market work it out because the market would recover quicker. So far, he's right!
I predict--they will raise the limit. Dems will run on GOP CAUSING this Obama crisis and obstructing an early settling of the problem.
The GOP needs to holler every day about the Dems NEVER offering a budget for 2 years except the Obama budget, which was so inflated, no Dem even voted for it.Dems have been in contravention of the law of the land for over 2 years. Why aren't we hearing about this instead of Kasey Anthony ad naseum?
vaudine
Good! if it’s so bad if we default then I suggest that the president cave!
Why aren’t the repubs pointing out that half of Obama’s staff should be in jail for non-payment of taxes.
They are quick to raise them, of course, because they don’t pay them.
I got a different take on the situation from James Taranto in WSJ, Best of the Web. He claims that Obama is softening.
Obama’s approval ratings dropped again, he’s down to 42% job approval AND debt reduction. No matter which way Obama turns, he’s losing his base.
If the GOP agrees to raise taxes, I will not vote GOP ever again and whatever happens in 2012 happens. There will be no difference whatsoever and I will take my chances in the future of a 3rd party. We will have no other choice.