Friday, July 15, 2011

POLITICO.COM : As debt ceiling scramble continues, Boehner signals options are open. John Boehner’s remarks may be a ploy to get his rank and file to accept a $4 trillion deal. Republicans are becoming more rational and less crazy

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My Comment : For me Obama has the Winning Cards in this Power Poker Game - Republicans are walking through a minefield. They have to be more moderate and centrist like the President, otherwise they will screw up and the Electorate will feel Revulsion and Repulsion for them if they do not yield their hard positions.

My advice for everybody ( Republicans and Democrats ) : Don't be stubborn, aggressive and bigoted. Be like Centrists and Independents, after all, you have to win them for the next elections in November 2012, a date that is fast approaching. Those centrists and independents will decide the fate of the American Nation.



POLITICO.COM
As debt ceiling scramble continues, Boehner signals options are open. John Boehner’s remarks may be a ploy to get his rank and file to accept a $4 trillion deal.
By DAVID ROGERS
Washington, Thursday, July 14, 2011


As debt ceiling scramble continues, Boehner signals options are open


Some excerpts :

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. Instead, lawmakers would authorize more than $2.5 trillion in new borrowing authority for the Treasury to be implemented in three increments of $700 billion this month, $900 billion in the fall and the final $900 billion next summer.
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