According to a post on The Wall Street Journal by Corey Boles and Naftali Bendavid, a bloc of 178 of the 240 House Republicans is against the Bohehner plan. They write: “The House vote on Mr. Boehner’s plan would immediately raise the government’s $14.29 trillion borrowing limit by around $1 trillion and provide for another increase of as much as $1.5 trillion next year.” But without those 178 votes, the plan seems poised for defeat.
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Let it crash. Let’s get it over now.
And hand Obama another term in office? No thanks.
This is the first time throughout this whole debate that I am not 100% confident that the debt ceiling will be raised. House Republicans must realize that, if an actual default occurs because “purist” House members feel they aren’t getting enough cuts, then they will be giving Barack Obama a second term in office.
I understand that a primary plank of the GOP platform last November was getting spending under control, but that cannot occur unless Obama is out of office, and Obama will not lose in 2012 if the GOP refuses to raise the debt ceiling before a rating agency downgrades the US.
It doesn’t take a default to get downgraded! Thus far, the Boehner three-step and two-step waltz dances would have little if any consideration to downgradeding. The variables considered for downgrading are more complex on the one hand and as simple as government dysfunction on the other.
The dems are sitting back and letting the Tea Party GOP go down the road of politics over a ‘trillion here and promises there’ plans of zero substance while ignoring the economy/GDP and joblessness in the tank right along with the rest of the worlds major economies.
Cheap politics and diversions from the most critical components crisis, while putting at risk the USD as the worlds currency.
This time, TT, I agree with you. “It’s the economy, stupid.” The Dems would rather have this be the news, because they can win or draw in this fight. They cannot win on the economy.
That said, if the Repubs were to roll over on this, I would not support them in the following election, because I would have no confidence in them doing what we elect them to do. The election becomes meaningless.
Yeah, I want Obama out, but I will settle for control of both Chambers of Congress who have the will to stop him. If they lack determination, what’s the point?
Elections have consequences, or at least they are supposed to. The alternative is too ugly to contemplate.
The ONLY game in town is ‘political’ rhetoric towards whatever an ‘independent’ is defined as being…and their votes.
There is NO legislative or fiscal substance of significance in any socalled billed being bantered about. There is NO reality in either deficit or debt caps in government anymore. A single government or collective of government for that matter, has NO control over the worlds events and circumstances of nature or political manipulations. We are part and parcel of a global community now and our decision making cannot be made in an ‘isolated’ vacuum.
During the Reagan era folks took great patriotic pride in breaking the back (defeating) the old USSR…not by bullets…but in an economic catch-22. What goes around comes around…communist socialism or democractic capitalism!
Most of the developed world operates and functions on the global stage in one form or another of socialism as has the United States for a long time now in the formation of the new global economy and society. Each of these once dominate economic societies now have the same ‘common’ woes and failures starring them in the face except to a much lesser degree…China, India and others who have not unionized. In every unionized or union standards economy, the governments have had to prop up their circular inflated economies for decades now. For those, the party and its consequences has devoured or nearly devoured them. And now we, much on the same basis as the old USSR, are collapsing around fundamental economic mistakes. Theirs was defense spending and ours, was driving off our historically strong economic bases with union and union standards of arbitrary and circular inflation propped up by the government hoping for sustainment.
The ‘people’ collapsed the nations economy while the government has tried to prop it up.
The Tea Party folks haven’t a clue, the core problems, and their causations and are off reacting arrogantly, in isolation mode, to the most irrelevent problems of the nation.
Yes, you’re right! Votes have consequences! Just the same as working middle class extortion of excess has consequences.
I am certain the debt-ceiling will ultimately be raised, and with a deal going to 2013. I expect the spending cuts to be rather small. It is all I can expect, when the Dems have most of the power. I will be okay with that.
I am glad that so many of the House are acting to keep Boehner from caving completely. They need to keep the pressure on, so we can get the best deal possible, even if such best deal won’t be all that.
Just a note, 178 is a LOT! There are 198 Dems. If those 178 Pubs decide it is time for a new Speaker, there WILL be a new Speaker. It will not take many of the other 62 Repubs to make it happen. Speaker Cantor or Ryan, anyone? I would be totally down with Speaker Ryan or House Majority leader Ryan in these negotiations. >:)
BTW, Cantor seems to be performing admirably in these negotiations. Even aides from the other side are admitting this. They do not agree with his politics, but they do respect his approach, his “focus”. IOW, he is the adult in the room. Getting himself some respect, he is.