GOP Cave Watch: Boehner Open to Unconditional Short-Term Debt Ceiling Raise in Return for Obama Agreeing to Negotiate
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Honestly there would be a lot stress on everybody if the GOP would just cave in for longer periods of time, instead of several shorter term cave-ins, usually ended up right where the Dems wanted to be in the first place.
If the Republicans do give in, they will cite concern for financial markets (what, the Dems don’t care about financial markets?):
House Republican leaders are pushing a six-week increase in the debt limit, without any conservative strings attached, to calm jittery financial markets, according to senior GOP advisers.
The plan was presented to the House GOP caucus Thursday morning after Treasury Secretary Jack Lew warned a Senate panel that he would be unable to guarantee payments to any group — whether Social Security recipients or U.S. bondholders — unless Congress raises the federal debt ceiling.
If the GOP plan goes over well with rank-and-file Republicans, Speaker John A. Boehner (R-Ohio) could put the legislation on the floor for a vote late Thursday, aides said.
Financial markets soared on the first sign of optimistic news out of Washington in almost a month, with the Dow Jones industrial average up 169 points in the first 15 minutes of trading. The emerging plan would not deal with the now 10-day-old shutdown of the federal government, an issue that would move onto a separate track of talks.
Republicans should counter Jack Lew as publicly as possible and continually remind people of a dirty secret Team Obama doesn’t want anybody to know: Failing to increase the debt ceiling is not synonymous with credit default.
Basically what it sounds like is that the GOP has to “buy” negotiations with Obama via temporary debt ceiling increases in order to bring him to the bargaining table, where he’ll tell them he won’t bargain.
Republicans might be believing mainstream media reports that the public is dumping all the blame on them. If that were the case I doubt Obama’s approval rating would be at 37 percent.
Have you noticed we haven’t heard a whisper from Joe Biden during all this? There’s a reason. Not that I miss Pluggernuts’ input.
Trivia: The U.S. has added two times more debt than economic output in the last couple of years. Hope & Change!