After not being in session for over a week (when do these guys actually WORK?) our Congressmen and women are returning this week (of course, Monday, like Friday, is a travel day … when do these guys actually WORK?) and are going to take on the debt limit.
Geithner, the Treasury Secretary, says that the debt limit has to be raised in May or we will default on our debt payments by July. That will destroy our credit rating and make it impossible to borrow money which the country needs to survive.
Some Republicans don’t agree, however, as was made clear on yesterday’s talking head shows.
“The debt limit doesn’t really mean anything because we’ve always extended it. The Treasury secretary has the ability, even if this debt limit is not extended, to continue to pay interest on our loans. The idea that this is catastrophic is wrong — what is catastrophic is to continue to spend money we don’t have.”
And Coburn is a well-known economist..what? He isn’t? Sorry.
Representative Joe Walsh (R-Illinois) on Face The Nation:
“Over the course of those few months when the debt ceiling wasn’t raised, Armageddon didn’t hit, the government paid its bills — we’ve got enough government revenues to certainly pay, to service all of our debt. And the administration knows that. The administration’s got to get serious and recognize that we’re not just going to give them a vote to raise the debt ceiling unless they fundamentally change the way this city works.”
Walsh, as you may know, is actively campaigning to extend the Bush tax cuts… is that how we get enough money to pay the debts? Don’t think so.
It’s interesting that, during the Bush administration, that when the debt ceiling was raised 7 times, no Republican objected or said ANYTHING (when do these guys actually WORK?). That shows their collective economic knowledge must have been recently earned… perhaps they read about it in a magazine.
- Republicans Downplay Urgency Of Raising Debt Ceiling (huffingtonpost.com)
- GOP’s Kirk: Attach deficit plan to debt increase (cbsnews.com)
- Republicans Skeptical on Raising Debt Limit (blogs.wsj.com)
- Coburn: S&P downgrade a “warning shot across our bow” (thehill.com)
- Geithner Calling GOP’s Bluff? Secretary Says Congress Will Vote to Raise Debt … (foxnews.com)
- Geithner: ‘Congress Will Raise the Debt Ceiling’ – Fox News (news.google.com)
- World turns its attention on the U.S. debt problem. (genomega1.wordpress.com)
“Today we’ll have Paul Ryan, thin-skinned creator of a plan to eliminate affordable care for old people, undermine the social safety net, raise taxes on most Americans and give money away to banks. You have to call this “courageous” or Ryan will weep on teevee and complain how everyone is mean to him. Hopefully, Mark Warner will find a way to make Ryan feel like a special snowflake, even if he has mild disagreements with Ryan.
“Remember: the people who say things like “everything should be on the table,” are the first to get shirty when you put something on the table that they don’t like. This whole idea that people are willing to have an “adult conversation” is basically bunk.“
Curious? The rest of the article is HERE.
- Watch Rep. Ryan’s Obama-Cool Reaction To President’s Hot Mic Remarks On Face the Nation (mediaite.com)
- Ryan: We want tax reform, not tax cuts for rich (cbsnews.com)
- It’s What Happens When the Stupid Party and Evil Party Get Together | RedState | Erick Erickson (jamespatrick1.wordpress.com)
- Sunday talk show tip sheet (politico.com)
This clip from Talking Points Memo:
- Karl Rove Says Christine O’Donnell Needs to Explain Witchcraft ‘Dabbling’ to Voters (politicsdaily.com)
- Karl Rove: Christine O’Donnell Needs To Explain Her ‘Witchcraft’ Remarks (mediaite.com)
- Christine O’Donnell Was A Witch! (perezhilton.com)
Whether or not the Senate goes along with 60% of Americans who want a Public Option in their version of the Health Insurance Bill.
Yesterday on Face The Nation we had a little debate on what is coming up in the Senate Debate… and Lindsay Graham’s announcement that the House Bill is “DOA” in the Senate: