The Latest on the Debt Ceiling Standoff

Friday, July 29, 2011

Last night, House Speaker John Boehner was forced call off a vote on his proposal to raise the debt ceiling after failing to gain enough support among House Republicans. It is unclear if the House Republican leadership will attempt another vote today. Boehner's plan, which would allow for two modest debt increases — the second of which would come during the 2012 election season — to be coupled with spending cuts. Democrats, who control the Senate, and the White House have said all along that the plan is a non-starter. If Boehner cannot gain support from restive conservatives in his party, it could be a political gain to Democrats going into next year's elections.

Todd Zwillich, The Takeaway's Washington correspondent, has the latest on the story from inside the halls of Capitol Hill. Ron Christie, Republican political strategist, CEO of Christie Strategies, and former special assistant to President George W. Bush, talks about the political calculus being made by his party's Congressional leaders.

Comments [1]


The vote last night? This vote was supposed to happen last year along with a budget from the Democrat Congress and it was deliberately ignored by the Democrat leadership and this is the intended result.
The Democrat Congress and US Senate not providing a budget last year is a form of inappropriate secrecy isn't it?

The real vexing issue is not the raising of the debt ceiling which has happened several times but a a projected national debt of $20 trillion and a credit rating decease which has never happened. Doesn't this spell the decline of the United States which may account for the heated debate we see today among the Republicans who, unlike Democrats, can actually read calculators and calendars?
We should be reminded that the Democrat controlled Congress and President allowed the nation to take on the largest debt in world history and refused to do their duty and deal with the debt ceiling last year for political reasons. The Republicans recognize that the nation is headed for bankruptcy and the course must be corrected now. We are told that the debt ceiling increase which was deliberately put off last year by the Democrats due to the 2010 mid-terms must be settled quickly because the man who helped create this crisis is running for President again and does not want to be bothered with it.
Is the President who led the largest spending increase in history, passed no serious budget, now scheduling urgent economic decisions deciding the future of the United States around his political agenda?

Jul. 29 2011 08:05 AM

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