Posted on 10/07/2013 8:30:11 AM PDT by Hojczyk
Did the White House just blink on the debt-ceiling fight? After weeks of insisting it won’t negotiate on either the budget or the debt ceiling, a top White House adviser said this morning that Barack Obama would sign a short-term lift in the latter to gain more time for a longer-term agreement:
President Obama would accept a short-term increase in the federal borrowing cap , rather than one lasting a year or more, a senior White House official said Monday. The statement was an acknowledgment by the administration that it may not be possible to reach a deal on a long-term increase in the debt ceiling before a critical Oct. 17 deadline.
Gene Sperling, director of the National Economic Council, said members of Congress ultimately have the responsibility to decide how often they want to raise the debt ceiling, although he argued that an extended hike is preferable. …
The Treasury says it will run low on cash in as little as 10 days, placing the nation at risk of a historic default. Some Republicans have suggested that if Congress can’t reach an agreement by Oct. 17, they might try to forge a coalition to support an interim measure to increase the $16.7 trillion debt ceiling for as little as six weeks.
Sperling’s comments Monday suggested that the White House would accept such a measure. The statement was notable because administration officials had rejected a short-term debt ceiling increase during a similar impasse in the summer of 2011, when the White House insisted that the debt limit be increased to cover borrowing through 2012
(Excerpt) Read more at hotair.com ...
The republican house should pass a law that says that the nations debt must be served. Only after all other sources of funds have been exhausted, including the salaries of congress and their staff, and the salaries of all administration employees have been exhausted may the talk of default even be addressed.
Bonehead already signalled a deal on this, I don’t see any drama on this issue
Well, I hear that. But I’d still say that a thoughtful approach would be best. If the Republicans are perceived as shouting, “Heck no! We refuse to negotiate!” then the low information voters will really start to think the media is right about everything.
Yes, the media will always portray us as bad guys. But we shouldn’t make their job too easy.
Bammy needs a win.
No deal, the federal government needs to get its financial house in order, just like everyone else who has to adhere to a budget. Outlaw lobbyists, and learn to spend less than you take in, and eliminate redundant services that the States already possess. If you don’t miss 90 percent of the govrnment during a shutdown, you DON’T NEED THEM!
Any “short term deal” would be hailed by the Democrats as a win. The Republicans would be painted by the press/MSM as having given in to commonsense, given in to reality, and the Democrats would be painted as brilliant leaders having defeated the rebellious dunces of the TEA Party, and the Conservatives of the Republican Party.
Absolutely no compromise can be submitted in any way, shape, or form. No negotiation with the Democrats period.
This is what this is about. Trying to trick the Republicans into negotiating while they the Democrats will actually not.
Trying to paint a picture for the public of the Republicans on hands and knees crawling to the Democrats begging their forgiveness for trying to do what’s right for the country. It’s another OLD Democrat trick.
Just enough to get them past the elections. Hope the Republicans don't cave.
No deal! Dems must have had checked their internal polling and KNOW they are losing. Keep going..let the mid-terms sort this out.
Note that both Obama and Pelosi cannot find a single thing to cut, not a single dollar.
Their complaint last time was that the sequester was a really dumb way to cut.
The Republicans should say — OK, the price is $200Billion to cut THIS FISCAL YEAR — (with a projected deficit of $600Billion, it is a start) -— you democrats pick the programs, and legislation to cut them will be part of the extension.
They won’t.
So the Republicans should pick $100billion of the Democrat favorite programs (e.g., EPA, czar salaries), and invite the Democrats to identify programs of their choice to swap , and work it out in conference).
Thank you but I think the repubs are pretty stupid.
The white hut can’t be trusted, we both know that, and they don’t play by any rules any half way decent person understands.
Stay firm, don’t blink. Make obastard negotiate and if he does not go right back to the previous position... shut it down.
As far as I can see a compromise has already been offered... delay obamacare but it is a bit late for that isn’t it?
What else though? The borrowing cap really has to be increased some but not without spending cuts and not like the sequester mess and joke. Real spending cuts of entitlements and reduction of regulations.
I think the separation of the debt limit from the CR/Obamacare crap is actually in the best interest of conservative politics. The debt limit potentially affects the standing of the US on the world economic stage (although Obama would have to specifically choose to shaft creditors, as opposed to his own voting base - but that’s a perception fight I don’t see as winnable at this time).
The CR/Obamacare showdown has caused the dems to massively overplay their hand by deliberately trying to inflict the maximum pain on the American public in defense of a law the public by and large rejects.
The “pure” (quotes because I do not wish to start a fight over the purity concept in politics) principled stand is to fight on both fronts. The disciplined political approach is to continue the CR standoff, pointing to the Dems sudden willingness to deal on the debt limit as critical evidence that the dems, and not the GOP, are playing politics on the CR. It may not work, but it has a significantly better chance of being successful than giving Obama the ability to crater the economy even further while convincing the majority of voters it’s because of the GOP’s actions.
In this case, I think the two-front war hurts us more than it helps.
MSM, the Congress and pResident need to stop the lie that reaching the debt ceiling means default. STOP IT NOW. Reaching the debt ceiling has nothing to do with FedGov™ paying interest on the debt.
Democrats will take 100% of the needed cuts right out of Defense — and they will have no stronger supporter than John McCain.
Who is the congressman that has a list of all the government abuse and waste? Think he was featured on Stossell a couple of months ago. Should just pass those on his list en mass.
We disagree.
The Dems have to be brought to the table by the scruff of their necks so to speak. That can only be accomplished by out aggressing them. The upper hand is in the House per the Constitution on this one. Let them come to the House. It would cost so much more to move the House to them.
Do NOT give Obama and his filthy democrats ANY breathing room. Suffocated the treasonist bastards.
POTUS de facto 
IOW, we will LIE to get a deal.
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