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John Boehner: New debt option ‘may be worthy'
politico ^

Posted on 07/14/2011 7:09:59 PM PDT by Sub-Driver

John Boehner: New debt option ‘may be worthy'

By: David Rogers July 14, 2011 09:12 PM EDT

With White House debt talks at a make-or-break stage, Speaker John Boehner signaled Thursday that he’s open to new options to avert a default next month, including a novel Senate plan that would surrender much of Congress’s power over Treasury’s borrowing to the president.

It would be a remarkable shift for House Republicans — something like telling Pickett’s charge to go around Cemetery Ridge and not up it. And Boehner’s remarks may be a ploy as he keeps throwing out options to his rank and file in hopes that they come around to the merits of the $4 trillion grand bargain he attempted with President Barack Obama last week — before being pulled down by the right.

But time is running short, and to describe Congress as a confused, even panicky army at this stage is not an overstatement. Senate leaders in both parties already are working on some survival strategy. And Obama, who will address the debt issue at a press conference Friday morning, will be forced to do the same unless he can salvage a more meaningful deficit reduction strategy over the weekend.

The genius of the plan put forward by Senate Minority Leader Mitch McConnell (R-Ky.) is that it gives lawmakers what politicians most love: an out. But it’s so obvious in doing so that deficit hawks are dismayed at the crossroads Congress has reached.

As outlined by McConnell, Congress would temporarily surrender its power to approve any increase in the debt ceiling.

(Excerpt) Read more at politico.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: boehner; collapse; congress; debt; debtceiling; debtlimit; default; economy; mcconnell; obama; police; regulators; teachers
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My head is spinning........
1 posted on 07/14/2011 7:10:02 PM PDT by Sub-Driver
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To: Sub-Driver

If Obama wins in 2012 it will be because of crap like this.

Then again McConnell might announce a plan to beat Obama by making him dictator for life. “Then he can have all the blame” McConnell will say.


2 posted on 07/14/2011 7:12:00 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Sub-Driver

This is an act of War,By the weeper and is going to be the tool of his political demise.

But again the fix is in and he can play Golf the rest of his life.


3 posted on 07/14/2011 7:12:40 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Sub-Driver

Bonehead One more thing,a little thing at that ;BUT YOU WORK FOR US, Douche Bag!!


4 posted on 07/14/2011 7:15:12 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Sub-Driver

No, no, NO!

No deal means Obama decides what to cut.
No deal means immediate cuts.
No deal means obama loses in ‘12.
No deal means no immediate huge increase in debt.

Yes deal means immediate huge increase in debt.
Yes deal means obama wins in ‘12 and a 3rd party overtakes Rs
Yes deal means no immediate cuts and no cuts ever [10 years out? Seriously?]

THERE IS NO PRESSURE FOR A DEAL.

The only deal that works is $1 raise for $1 cuts now.


5 posted on 07/14/2011 7:16:28 PM PDT by Principled
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To: Sub-Driver
As outlined by McConnell, Congress would temporarily surrender its power to approve any increase in the debt ceiling.
Under the constitution (Congress treats toilet paper better than it treats the constitution), the power to borrow money belongs to Congress. Period.

They can't surrender that power, and I'm not sure they can delegate it.

The GOP is so big about showing the people where, in the constitution, they find certain powers. So, where do McConnell and now Boehner find, in the constitution, a power for the president to borrow money over the objections of a majority of Congress?

I'm rooting for a big collapse - Congress needs to go down, HARD and FAST.

6 posted on 07/14/2011 7:17:35 PM PDT by Cboldt
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To: GeronL
Then again McConnell might announce a plan to beat Obama by making him dictator for life. “Then he can have all the blame” McConnell will say.

"A plan not merely worthy, but brilliant!" exclaimed John Boehner. "Now let us all eat ice cream and adjourn to the golf course."

Mr. niteowl77

7 posted on 07/14/2011 7:17:49 PM PDT by niteowl77 ("Born in a well? Let me see that birth certificate again!")
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To: Cheetahcat

This will help...the GOP SUCKS>>

•1 1/2 oz tequila
•1/2 oz triple sec
•dash of lemon or lime juice
•3 oz sour mix
•lime wedge for garnish
•salt or sugar to rim the glass (optional)


8 posted on 07/14/2011 7:17:59 PM PDT by Hojczyk
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To: Sub-Driver

Boehner is going wobbly on us.

I’m guessing he must not like his job much. Looks like we might have to fix that next election cycle.


9 posted on 07/14/2011 7:19:23 PM PDT by MWS
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To: Sub-Driver
open to new options to avert a default next month, ...

It doesn't take long for this article to show that its full fledged crap, with the strawman premise that no ceiling increase leads directly to default. Its not worth even the few bits that it takes up on anyone's PC.

10 posted on 07/14/2011 7:20:04 PM PDT by C210N (0bama, Making the US safe for Global Marxism)
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To: Sub-Driver

I believe nothing from politico, absolutely nothing.


11 posted on 07/14/2011 7:20:09 PM PDT by Gator113 (Palin 2012, period.....)
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To: Sub-Driver

He hasn’t taken it off the table, doesn’t mean he’ll buy into it. All these articles, media spins are aimed at dividing and conquering the Repubs. Time for more phone calls to remind them to stand strong. Make the dem’s blink.


12 posted on 07/14/2011 7:20:30 PM PDT by Girlene (What did the fish say when he hit a concrete wall? Dam.)
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To: Sub-Driver

The big question is:

Where does the HOR’s stand on this McConnell crap?


13 posted on 07/14/2011 7:23:36 PM PDT by Kevin in California
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To: Sub-Driver; GeronL

Sigh. I hope this isn’t true.

And yes, one of the problems is that once Congress starts “delegating” its powers to the Executive, where does it stop? Do they just plan to hand over everything to Bambi and let him do what he wants, simply because he pitched a fit the other day?

I can’t believe this is even constitutional.


14 posted on 07/14/2011 7:24:31 PM PDT by livius
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To: Cboldt
The politics of false generated crisis assail America yet again.

Photobucket

15 posted on 07/14/2011 7:24:31 PM PDT by Candor7 (Obama fascist info..http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
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To: Sub-Driver
something like telling Pickett’s charge to go around Cemetery Ridge and not up it home.
16 posted on 07/14/2011 7:24:42 PM PDT by LearsFool ("Thou shouldst not have been old, till thou hadst been wise.")
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To: Sub-Driver
My head too. I don't think most house pubbies will vote for it but all the dims will so it will probably pass. Time to think the unthinkable. Remember 1789.
17 posted on 07/14/2011 7:25:07 PM PDT by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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To: Hojczyk

“This will help...the GOP SUCKS>>

•1 1/2 oz tequila
•1/2 oz triple sec
•dash of lemon or lime juice
•3 oz sour mix
•lime wedge for garnish
•salt or sugar to rim the glass (optional)”

LMAO Good ,Very Good!


18 posted on 07/14/2011 7:25:52 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: Sub-Driver
If Bonehead goes for increasing the debt ceiling he put the nail in the coffin for America. Somewhere in the future the Country will not be able to pay for the dept or even the interest. Then the crash will be more severe than it probably would be to do it now. Which will it be. A lesser crash now or total destruction with the continuing of the debt ceiling.
19 posted on 07/14/2011 7:26:13 PM PDT by Logical me
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To: Sub-Driver
something like telling Pickett’s charge to go around Cemetery Ridge and not up it.

Actually it more like telling Picket's men to kill each other.

20 posted on 07/14/2011 7:27:39 PM PDT by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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