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?
What happens if nothing is done? There doesn’t seem to be agreement that the world will blow up if the debt ceiling isn’t increased. If we just cut spending NOW why would we even need to raise it?
Currently the government is spending very little on Obamacare. What I want to know is were we asleep at the switch when the unfunded Drug program was passed in the last administration? So far as the House forcing Obama to veto their bills, ain’t gonna happen as the bills also have to be passed by the Senate before they go to the president. Even if the next president is a Republican bills will still have to be passed by the Senate, and even if there are more Republicans in the Senate after next election, there still are unlikely to be enough votes for the supermajority needed to pass bills favored by conservatives and tea party people. Thus, no matter who is president, compromise will be needed unless the people prefer gridlock.
Easy. Eliminate these:
Department of Labor
Department of Education
Department of Energy
Department of Agriculture
Department of Housing and Urban Development
Department of Commerce
Department of Health & Human Services
Department of Homeland Security
Department of Interior
Department of Transportation
Environmental Protection Agency
Federal Reserve
.