For the past months we have had this political game called the debt ceiling raging on and on in Washington….lots of talking points, lots of accusations, lots of lies and half truths….all in the name of making the US a more stable economy and thus saving the country from the ugly fate of Greece and the others……and now after meeting walk outs, lines drawn in sand and a general lack of respect and cooperation….the GOP is offering up a deal…..
Reported in Political Wire website…….
Senate Minority Leader Mitch McConnell is “actively pursuing a new plan under which the debt ceiling would grow in three increments over the remainder of this Congress unless lawmakers approve a veto-proof resolution of disapproval,” Politico reports.
“In effect lawmakers would be surrendering the very power of approval that the GOP has used to force the debt crisis now. But by taking the disapproval route, Republicans can shift the onus more onto the White House and Democrats since a two-thirds majority will be needed to stop any increase that President Obama requests.”
ABC News: “Under McConnell odd plan, the President could get a clean, no-strings-attached debt ceiling increase of $2.5 trillion, but he would have to endure three politically treacherous votes that would allow upwards of two-thirds of the Congress to be on record disapproving of his actions. In other words, the President would get his debt ceiling increase and Republicans would score political points, but there would be no guarantee of any spending cuts.”
Greg Sargent: “At bottom, McConnell’s proposal is the latest GOP line on the debt ceiling — it’s Obama’s problem, not ours — taken to its logical and legislative conclusion.”
What game is this? You mean that the GOP is caving in and giving Obama an out? Did Obama win? Are the Repubs surrendering? Or is this a deal that will bite Obama in the ass in the 2012 elections? Or did Wall Street grab the GOP by the scruff of the neck and tell them to find deal?
Is this more of the same political games and theater? How will the Tea Party react? Will Boehner and McConnell lose the confidence of their colleagues? Where will this end? Who will win and who will lose?
So many questions….so few answers……
Your thoughts?