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January 26, 2013
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The debt ceiling delay

:icontheredsnifit:
TheRedSnifit Featured By Owner Jan 26, 2013
:iconsplz:o, the Republicans have delayed the ineveitable debt ceiling battle. This has been much to the display of many conservatives, who seem to prefer marching into the fixed baynets. And then doing it again, and again. The fact is, though, that this is the GOP's attempt to break a cycle of manufactured crises that have worked to President Obama's advantage.

Boehner's tactical retreat buys some time and puts more spending pressure on Democrats. The automatic sequester cuts that Congress agreed to in 2012 will arrive on March 1, causing an immediate cut of $69 billion in discretionary spending, to $974 billion. While this is modest in a nearly $4 trillion federal budget, and largely spares entitlements, Democrats and their spending tongs are already shouting in protest. Which is the political point.

The GOP's plan is to make clear that the only way for Democrats to forestall these cuts is to agree to longer-term and more sensible spending reforms. Meanwhile, the government's ability to fund itself (the "continuing resolution") runs out on March 27. Mr. Obama and his party can either engage with the GOP on serious debt talks or contemplate a series of continuing resolutions that lock in sequester spending levels through the next election.




Boehner is also adorning this debt-ceiling delay with legislative language that requires the House and Senate to pass budget outlines, or see their pay withheld. This is a shot at Harry Reid's Senate, which has not passed a budget in four years. The 27th Amendment bars a sitting Congress from varying its own compensation, so the House can at most withhold Members' pay until the end of the Congressional sessionóJanuary 2015.

This is a political gimmick to be sure, and the Senate's many millionaires (Jay Rockefeller, Dianne Feinstein) may not care. But anything that forces Senate Democrats to begin showing their political priorities has its virtues.

The White House said on Tuesday that it will go along with the debt-ceiling delay if it passes. The Administration realized it could hardly complain it is being given the debt reprieve it asked for, and Reid recognized the embarrassment of blocking a proposal that requires him to do his budget job.

Obama's refusal to bargain in good faith means we will have an extended war over spending for many months. Sometimes a tactical retreat is the smart play.

:iconthrowthecheeseplz:
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Devious Comments

:iconvisionoftheworld:
VISIONOFTHEWORLD Featured By Owner Jan 28, 2013
Lol.. I had forgotten the exact dates set in all these debtceiling deals, and I'm glad you are sort of offering that conservative's use of the debt ceiling to march the country off a cliff and force their insane ideas like shutting down most of the public sector is kind of suicidal. I say just run on a platform, stop trying to hold the country hostage- and if people elect you THEN you can pass the cuts and get your president to sign them. America looked at Romney & Friends and said "No Thanks." The fixed bayonets arent' being held by just little Obama. It's the whole country. Or didn't 9% Congressional approval ratings indicate that? What else did you think it meant? Most of congress got reelected so clearly people aren't unhappy with their individual congressperson- they just want to be left alone and are tired of the GOP/tea bag caucus trying to throw the nation's economy off a cliff every six months. That's what the low approval ratings mean. Obama's approval after the latest round? [link] Not bad- Rasmussen and AP say 54%. Higher than the % that reelected him.

Anyway I hope the GOP decides to dig in and threaten to shut 'er down again March 1st. They'll lose, as they should, and I found out today I have tickets to see Bill Maher when he comes to town on the 3rd- and this political kibuki will make for some awesome comedy! :la:
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:iconjuliabohemian:
Juliabohemian Featured By Owner Jan 26, 2013  Professional Photographer
I think they shuld lock all of these guys in a room and tell them there will be no food, water or bathroom breaks until they make progress.
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:iconpakaku:
Pakaku Featured By Owner Jan 26, 2013
The day the two parties actually work together will be the day problems like this start to be solved :B
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:iconvorpalpen:
VorpalPen Featured By Owner Jan 26, 2013   Artist
They've got them durn Dems right where they want 'em!
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:iconscottahemi:
ScottaHemi Featured By Owner Jan 26, 2013  Hobbyist Digital Artist
did you know that raising the debt ceiling is a sign of failed leadership? "Senator Obama 2006"

Obama has done it once already, and is about to do it again...

:icontrollfaceplz:
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:iconvorpalpen:
VorpalPen Featured By Owner Jan 26, 2013   Artist
Bush came in with a budget surplus, you dumb dummy!
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:iconscottahemi:
ScottaHemi Featured By Owner Jan 26, 2013  Hobbyist Digital Artist
no he didn't...

we haven't had a national surplus sense the 50s...
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:iconvorpalpen:
VorpalPen Featured By Owner Jan 26, 2013   Artist
We would've if not for Bush.
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:iconscottahemi:
ScottaHemi Featured By Owner Jan 27, 2013  Hobbyist Digital Artist
again no, and I was wrong it was the 40s

[link]
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:iconvorpalpen:
VorpalPen Featured By Owner Jan 27, 2013   Artist
You were wrong about more than that. Debt burden is usually measured as a ratio of public debt to gross domestic product.[link]

Literally wiki US public debt history and not only will you see that modern Democratic administrations are far and away the more fiscally responsible -- it actually says so!
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