debt ceiling
Boehner’s Bogus Debt Ceiling Line in the Sand
Speaker Boehner says that the House will not pass another increase in the debt ceiling unless the White House and congressional Democrats agree to cut spending by an equal or greater amount. That’s the same line in the sand that Boehner drew during the previous debt ceiling showdown in 2011.
On to the Next Manufactured Fiscal Crisis
It seem like it was just yesterday that congressional Republicans took the national debt hostage even though shooting it was never an option. Having just taken back control of the House on a wave of popular discontent over the federal government’s mounting red ink, the pressure was on the GOP to deliver.
It didn’t — and now the rout is on.
Promises to Restrict Future Spending are Worthless
It appears likely that congressional Republicans are eventually going to accept a tax increase in exchange for real spending cuts smaller spending increases in the future. If and when that happens, Speaker Boehner should surround himself with Santa Claus, the Easter Bunny, and the Tooth Fairy at the press conference on the deal.