McConnell discussed the debt ceiling negotiations with Bret Baier on Fox News Sunday. McConnell was in agreement with Speaker John Boehner’s decision not to support a large deficit deal, yet also made a curious assertion that none of his Republican colleagues have ever claimed they will not be in support of raising the debt ceiling.
Baier, filling in for Chris Wallace, pressed McConnell on what would happen if no deal could be worked out and whether he was concerned with the consequences of what might happen if the debt ceiling is not raised. McConnell confidently responded, “nobody is talking about not raising the debt ceiling. I haven’t heard that discussed by anybody.” Yet Baier informed him that Congresswoman Michele Bachmann, among others, have explicitly said just that. Baier even quoted Bachmann saying “don’t let them fool you that the economy is going to collapse” if the debt ceiling isn’t raised.
McConnell however apparently didn’t want to address such comments and preferred to stay focused on his opinion of how serious it is to actually raising the debt ceiling...
Really? Why not?
The federal government takes in more than enough money each month to pay its obligations, pensions, military, Social Security recipients, etc. It's the rest of the bloated, useless federal bureaucracy (like the EPA and the NLRB) that would have to be furloughed.
And that's a bad thing?
Also, please consider our TurboTax-challenged Treasury Secretary's track record of predictions:
Geithner first began warning in January of "catastrophic" consequences if the debt limit is not raised by Congress, saying then that the borrowing cap could be hit as early as March 31.
That prediction soon changed to April 5, but it was not until Monday -- May 16 -- that the ceiling was officially reached as the latest government bond sales were settled.
In early April, Geithner also said the drop-dead date for a debt limit rise, when the U.S. would begin to default on its obligations, was July 8. This month he changed that to Aug. 2...
..."There is no certain day," said congressman James Lankford, a member of the fiscally conservative Republican Study Committee. "It's a moving target. Even if Aug. 2 is passed, Treasury has the tools in its back pocket to keep us from defaulting."
Lankford added: "Treasury has done a good job of trying to increase the panic, rather than giving us solutions."
Obama and Geithner are fomenting panic in order to keep spending like drunken liberals. If Boehner and McConnell had one-tenth of Michele Bachmann's guts, they'd walk away from the table now. The minimum annual cuts they must demand should start with the failed "Stimulus package", which is now built into the baseline budget.
In April, Andy McCarthy recapped the reasons not to raise the debt ceiling.
It's Negotiating 101, which our feckless GOP leadership appears to have either skipped or flunked.
Update: Bipartisan Policy Center: U.S. Won't Default on Debt If Congress Fails to Raise Debt Ceiling
5 comments:
I believe they don't want to cap the debt ceiling is they need a to keep borrowing in order to hide the gross negligence and corruption that permeates every facet of the federal government. They need that money, whatever the cost, because the truth of how bad things are is far more terrible than any future debt.
They are all scared to death the American people will find out the real truth.
With billions and billions more, borrowed begged or stolen, (read all of the above), they all can hide the horror of their crimes and idiocy.
Why do you think the whole "negotiation" is held in secret?
They ain't negotiating a debt and budget deal, they are colluding and schemeing how they can cover up and cover their arses till after 2012.
Because if there is one things these clowns are good at, it is lying, cheating and stealing their way around politics. They are all in it together, hip deep in one way or another. Make no doubt.
It has absolutely nothing to do with me, or you, or you, or the solvency and responsibility of our great nation.
Because again, if they really where looking out for anybody but themselves, like we the people, and our future, in one snap of the fingers it all could be brought under control.
The consequences of what these clowns and crooks have sown, is a reaping far more dangerous than what us little people can visit upon them in 2012.
Something has these bums scared to death.
Rational, logical, honest adults with nothing to hide or be ashamed of do not do the things these traitors are doing.
I don't understand how you conservatives that claim to be fiscally responsible don't understand the concept of paying your bills. Laws have been passed by both parties that commit the government to a certain spending level. If you want to cut spending you pass laws that cut spending. You don't just decide not to pay the bills. That will destroy the full faith and credit of the United States and will cost billions of dollars in higher interest payments on the debt incurred by both Democrats and Republicans.
@Miguel -
Your 111th Congress and YOUR PRESIDENT spent more money than any administration in history. They operated without a budget. And they knew exactly what they were doing.
This is on their head.
We can stop the bleeding now or collapse completely in the future.
By the way, even if the debt ceiling isn't raised, there's plenty of money for the essentials.
I didn't know I had so much power to elect MY choices to congress and the presidency. The national debt went from 6 to 11 trillion under Bush's term and it's now at 14. Of course we went through the biggest recession of our lifetimes at the end of Bush's term and besides the increased spending to stabilize the economy there was also a big reduction in collected taxes, which no one ever talks about for some reason. This is OUR debt increased by OUR government, by both parties. Anyway, none of it matters when it comes to paying the bills. It's not like we'll stop owing that the government doesn't pay out. Defaulting on government payments is insane and won't solve any problems and could easily lead to a double dip recession.
-We’ve got The Insane Clown Posse running the GOP in the Congress.
-Quoted from and Linked to at:
Can You Dig It?
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