Treasury Secretary Lew has informed Speaker John Boehner that the US will hit the debt ceiling on 16 March. Treasury would then be required to take extraordinary measures to keep government running and those measures would be exhausted by the final Quarter of the calendar year.
I am not a fan of raising the debt ceiling. I think that instead of raising the limit the amount we are spending should be reduced. The government is taking in record amounts of revenue from taxes but continues to spend more than it gets. Raising the ceiling would not (allegedly) involve new spending. Lew says that it would make sure that money is available to pay for things we have already obligated to. That just means we spent more than we had and now we need more to pay the bills.
This is the time for Boehner and McConnell to step up and redeem themselves over their poor performance regarding funding the DHS and Obama’s illegal executive action.
Boehner and McConnell should insist that getting rid of the illegal executive action (on immigration) by Obama is part of the deal. In fact, they should try to get everything they can as part of the deal. Democrats will balk and scream for a “clean” bill but they got a clean bill for DHS. Now it is time for them to step up.
The thing is these two spineless “leaders” will need to stand fast on their demands or the Democrats will own them once again. They need to be out forming the narrative NOW by telling people what they will do and that if Democrats do not go along they and ONLY THEY will be responsible for the government defaulting.
Put the onus on the Democrats and keep hammering them. Make it all about their unwillingness to compromise. Show them as the bad guys and associate all bad things that might come as being their fault.
I don’t want to see the ceiling raised. We keep adding to the mountain of debt we already have and it will not get better if they refuse to fix the problems that require them to spend more (ie out of control spending, unconstitutional programs, out of control welfare). If we can get a number of concessions for raising the ceiling then it will be worth it this time though if Boehner and McConnell had any guts it would not be necessary.
While I would like to see these two play hardball and ram this down the throats of the Democrats I am pretty sure they will end up looking like dumb and dumber when all is said and done.
It is likely they will raise the limit, give the Democrats everything they want, screw conservatives and the nation and end up telling us it was the best they could do and we should just sit back and take it.
These two could not lead a group of people out of a burning building so it is very unlikely they will actually do anything worthwhile on this issue.
Obama once said adding to the debt and burdening future generations with debt was unpatriotic. Obama and his Democrats, by that definition, are unpatriotic.
Unfortunately, a number of Republicans are unpatriotic as well.
One day we will be led by people who are not part of the establishment and who will get things under control.
Unless, of course, the current crop of morons kills the nation off before then…
Never surrender, never submit.