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 ...
Thank you for disagreeing agreeably.
I am not a political tactician or strategist. I have reservations about being politically aggressive on all fronts at once - but I have no compelling data to show why it cannot work.
I sincerely hope there are people with more insight than I have coming up with a viable approach - although the whole “aggressive” thing with the GOP is so new as to be untried, with the current bunch of pols.
Have a great day.
Americans are driving 1/3 fewer miles today than they were 10 years ago. The gas money just isn’t there, so we think twice before we get in the car.
If we can, they can.
Notice the pronouns; government is no longer ‘we’.
This is like the Iranians negotiating re their nuclear program. Or Lucy holding the football. In my opinion.
The debt level must be increased because Congress hasn’t defined spending priorities with a budget. That’s what we really need. We need Congress, both the House and Senate, to pass a budget the properly funds government, and that must (at this point) include compromise. Congress needs to make hard choices about which programs will be scaled back to eliminate the deficit. Why? Because they’ve promised far more than they can afford.
The alternative? Do you all really want the Obama administration to determine what gets cut off if the credit card is simply chopped up? I believe that’s what will happen if the debt limit isn’t raised. Payments on the debt and mandatory spending will still be required. Everything else, discretionary spending, will be Obama’s call.
Correct me if I’m wrong.
The debt ceiling my oh my! It’s the debt stratosphere. The reality is that most have no grasp of what a trillion anything is much less 16.7 of them.
This eat your peas pResident has no problem spending an extra trillion dollars more or less per year that we don’t have and now wants to punish his enemies over it.
Imagine fact...
One trillion pennies = 2.75 million tons
One trillion $ in pennies = 275 million tons
Now load extra debt in the boot of Obama’s mythical car and no wonder.
Don’t give in to the treasonous duplicitous moron LIB/DIMs. Send them single bills authorizing spending to each department. Follow tradition. This omnibous bill foolishness and the lack of budget only feeds the insane LIB/DIMs. Never trust a LIB/DIM...NEVER.
Sponsoring FReepers are contributing
$10 Each time a New Monthly Donor signs up!
Get more bang for your FR buck!
Click Here To Sign Up Now!
As long as the focus can be presented as "We just want to give individuals the same opportunity granted to big business and big labor unions to delay implementation until the law is fixed", then it might actually be an argument the GOP can present over the big media smokescreen.
Good. Give them a short-term deal on the SAME EXACT terms as the long-term deal: require cuts equivalent to the increase in deficit spending.
This will show everyone how easy cuts can be made.
easily (gramar)
I don’t favor Obamacide under any circumstances, but I’m sure the GOP-E will find a way to give it to us regardless of what we think. Of course, the media battle is important and your way makes sense from a PR standpoint.
I also don’t favor increasing the debt limit. Enough is enough.
No deals. Let them surrender and RESIGN.
The Dems refuse to pass a budget. They don’t need no stinkin’ budget. It is so much more profitable for them to go through this dog and pony Kabuki crap every few months.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.