Republicans Tee Up Can, Ready to Kick it Down Road Again

Discussion in 'News / Current Events' started by InTheLight, Jan 17, 2013.

  1. InTheLight

    InTheLight
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    GOP Weighs Short-Term Debt-Limit Increase

    WILLIAMSBURG, Va.—House Budget Chairman Paul Ryan (R., Wis.) on Thursday said Republicans are discussing whether to support a short-term increase in the nation's borrowing authority in an attempt to focus budget negotiations on government spending cuts.

    "We're discussing the possible virtue of a short-term debt-limit discussion so we have a better chance of getting the Senate and the White House involved in discussions in March," he said.

    http://online.wsj.com/article/SB10001424127887324468104578247921126241956.html
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    So let's review, shall we?

    Couldn't reach a deal on spending cuts in August 2011, stock market loses 2,000 points, automatic across-the-board spending cuts approved and set to kick in Jan 1, 2011. Kick the Can.

    Barely reach a tax rate agreement at the last hour on Dec. 31, 2012, averting part of the 'fiscal cliff'. Other component of the fiscal cliff, automatic across-the-board spending cuts set to kick in on Jan. 1, were pushed back, now set to kick in on Mar. 1, 2013. Kick the Can.

    With debt ceiling deadline looming, now want to temporarily raise the ceiling so that "the Senate and White House can get on board." Kick the Can.

    What? The Senate and White House are not aware of the debt ceiling coming up? And temporarily increasing the debt ceiling will somehow better focus the discussions on spending cuts? Really? LOL.

    This is beyond pathetic.
     
    #1 InTheLight, Jan 17, 2013
    Last edited by a moderator: Jan 17, 2013

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