There are only two options to deal with the debt limit: Congress can pay its bills, or it can fail to act and put the nation into default, White House press secretary Jay Carney said in a statement. Congress needs to do its job.
Sounds good.
Start with a budget bill that is balanced to anticipated tax revenues, ONLY. No deficits.
Then, hand that over to the Senate.
Next, pass bills to rescind funding for the Departments of Education, Agriculture, HHS, Homeland Security, and Labor. That should free up enough to cover some of the debt currently on the ledger. Hand those over to the Senate.
Third, hit the news show circuit with every influential pubbie that can walk without assistance to get the word out that they’ve done their part, and it’s time for the Senate Demon-crats to step up and do theirs.
The left is going to skewer the right, anyway. At least get some mileage out of it, by doing the right thing for the nation.
Obama keeps saying the nation has to pay for its past obligations. I agree. Let’s hold the line starting today. Match revenue to expenses. No more need to raise the debt ceiling. If there isn’t enough revenue, cut expenses instead of borrowing more.
In other words Mr. Obama, the need to raise the debt ceiling has everything to do with future deficit spending, not past.
Why can’t Boehner and McConnell say this to him?