February 23, 2017 Disclaimer: Please read.
Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.
Boehner Doubles Down, Threatens Default
Posted on Oct 6, 2013
House Speaker John Boehner went on television Sunday to scare the hell out of everybody.
He said it would be “irresponsible” to “raise the debt limit without a serious conversation about dealing with problems that are driving the debt up.”
If Congress doesn’t raise the debt limit, the U.S. will be unable to borrow more money to run the country and service existing debt. Not only would the government stay shut down, but the U.S. could default. Treasury Secretary Jack Lew, appearing on a different network, said, “Congress is playing with fire.”
President Obama has said he would not negotiate and Congress should pay for programs it has already approved, but with his back against the wall, Obama has backed down before.
Republicans, who shut down the government in a gambit to delay or defund the Affordable Care Act, feel like they need to get something out of this confrontation, for which they’ve received more of the blame. A conversation about debt, whatever that means, might be enough for Boehner to boast a minor victory.
Boehner repeated the claim Sunday that he does not have the votes to pass a budget without the cuts Republicans have demanded. However the administration has consistently said Democrats and moderate Republicans could easily pass a “clean” bill in the House if the speaker would only put it up for a vote. The Senate has already approved such a measure.
Unfortunately your browser does not support IFrames.
—Posted by Peter Z. Scheer
Square, Site wide
New and Improved Comments
Right 3, Site wide - Exposure Dynamics
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide