On Debt Ceiling, GOP Has a Plan

July 15, 2011 RSS Feed Print
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It is getting harder and harder to take President Barack Obama seriously.

He has failed to show any real leadership as the federal government approaches the statutory limit on its ability to borrow money. Instead, rather than proposing a plan of his own he vacillates, at times whining like an impertinent child and other times hectoring like a Kansas schoolmarm.

Despite what he says, the sad fact is that Obama doesn't want to do anything that will reduce government spending. He may talk about it – as he did in his press availability on Monday – but the reality is that he simply wants to get the debt ceiling matter resolved so he can go back to spending. In fact, if Senate Republican Whip Jon Kyl is to be believed – and there is no reason not to – Obama doesn't even want to wait that long.

In an interview with National Review Online, the Arizona Republican said that "even at the height of national concern over the country's debt and deficit problem, Democratic negotiators are insisting that additional spending measures be included in a deal to increase the debt limit."

[See political cartoons about the budget and the deficit]

"In discussions this week," the magazine reported Kyl said, "Democrats proposed extending unemployment insurance for another 99 weeks at a cost of $43 billion. In addition, they requested another $10 billion to spend on research projects overseen by the National Institutes of Health" without offering to offset any of this new spending with additional cuts.

Even in negotiations over legislation to prevent the U.S. government from defaulting on its debt obligations for the first time in history, the president's party cannot resist pushing for more spending.
It would be funny if it were not so serious.

In his Friday presser, Obama – who has presented no plan of his own to avert default – accused the Republicans of having no plan of their own.

To put it mildly, the president is being untruthful. The Republicans do have a plan – it's called "Cut, Cap and Balance." It's been introduced in both the Senate and the House, with the latter scheduled to vote on it next week.

[See political cartoons about the GOP]

Initially authored by Utah Republican Rep. Jason Chaffetz, South Carolina Republican Rep. Mick Mulvaney and Wisconsin's Rep. Reid Ribble, the Cut, Cap, and Balance Act of 2011 cuts total spending by $11.1 billion in Fiscal Year 2012, caps total federal spending and requires the passage of a federal balanced budget amendment before the debt limit can be raised.

It does not, as the president falsely claimed Friday, make any changes to Social Security or Medicare and does not make any changes to veterans' spending.  It does increase the debt ceiling by $2.4 trillion, the amount Obama has asked for, but that is less than the total amount of the spending cuts in the bill and will only happen if accompanied by measures that ensure the federal budget is permanently under control.  

Obama is betting that the GOP will blink, as it very nearly did earlier this week, rather than have the courage to stand up for its principles. He's likely to lose. Indeed he's backing himself into a corner where it looks more and more likely that he will have to give more than he will get in order to prevent default. All that needs to happen now for the dynamics to shift dramatically is for the House to pass the Cut, Cap and Balance Act next week and send it to the Senate – where Democratic Leader Sen. Harry Reid can either bring it up for a vote or sit on it. The question before the House is what will Obama do then?

If he acquiesces to Reid's failure to bring up the legislation, or allows the Democrats to filibuster it, he is complicit in stopping the forward movement of the one serious plan out there that deals with the debt ceiling. If it passes the Senate and he vetoes it, then default becomes his fault, and his alone. Either way he loses.

The smart play, indeed the only play left to him – in a political sense – is to embrace Cut, Cap and Balance once it passes the House, as it is almost certain to do. Then, and only then, can he burnish his image as "the great compromiser" who managed skillfully to avoid economic disaster on his watch.

Tags:
House of Representatives,
Republican Party,
Senate,
debt,
Harry Reid,
Barack Obama

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Lindsay of TX _ Says “The hokey Amendment the Repugs are pushing would make permanent taxes for the rich, make permanent corrupt loopholes and make permanent corporate welfare - to be paid for by automatic cuts to the social safety nets”

You live in a weird, crazy world. Nutsville U.S.A..

1. “ permanent corrupt loopholes and make permanent corporate welfare”

a. Are you talking about that silly speech obama gave last week. You know cooperate jets and their company welfare. OBAMA GAVE THEM THAT IS HIS STIMULUS BILL.

2. Maybe you are referring to oil company welfare. BARRY IN A RARE VOTE, (he liked to vote PRESENT) SENATOR OBAMA VOTED FOR THAT OIL COMPANY WELFARE:

“Senator barry’s involvement”:

“The 2005 Energy Policy Act was one of the friendliest ever with over $10 billion in handouts. It lets oil giants pay federal royalties in barrels of oil and grants exemptions on some wells, subsidizes a new R & D program for ultra deep water drilling and unconventional oil and gas development, creates hundreds of millions of dollars in new tax breaks, increases what oil and gas companies can deduct on pipeline expenses, provides more liability protection besides the $75 million cap (established by the 1990 Oil Pollution Act after the 1989 Exxon Valdez disaster, an amount too small to matter)."

“As an Illinois senator, six months into his term, Obama supported it, an early clue to where he stood, and how he hoped to gain - the usual "you scratch my back, I'll scratch yours" payoff.”

“It worked hugely with BP, the Center for Responsive Politics (CRP) reporting that its employees and political action committees gave more to him than to any other federal candidate in the past 20 years.”

“During his 2008 campaign, CRP reported that the oil and gas industry overall gave him $884,000, more than any to other lawmaker except John McCain, and no wonder. His Senate voting record showed what they bought:"

“the right of mining companies to strip mine everywhere, including on government lands;

vast new powers and handouts to the nuclear industry; harmful biofuels production;

lax regulation; and other pro-business, anti-populist measures - besides supporting the 2005 Energy Policy Act."

“Obama promised change, and delivered betrayal - evident now in the Gulf, America's greatest ever environmental disaster, fast becoming the most catastrophic in history, a shameless addition to his resume, already revealing a world class rogue and failed president less than a year and half into office. No wonder calls for his impeachment have begun, including by James Petras on May 27, on the Progressive Radio News Hour, hosted by this writer who wholeheartedly agrees.”

Don’t forget barry’s waver to worst polluter in Gulf, Who else, barry’s buddy, BP. There is more, enjoy reading link...

http://warisacrime.org/node/52692

Bill Hedges of MO 2:45PM July 19, 2011

Hey everybody, Linsey of TX, has read the plan and is here to tell us what is in it. Go in further detail please and explain how the plan will take our SS, Medicare and Veterens pay? Also Explain how it will take away the states rights to be reponsable for their own infastructure (As it is their own problem, but hey the way you make it sound, People in Minnesota should pay to repair bridges in Alabama, and Vice Versa.) Oh yeah plus explain how the bill takes away the parents responsability to be involved in their kids education as well the counties rights to take care of their own schools.

Oh I get it no personal responsability at any level, be personal, or statewide.

Ymerej of SC 2:18PM July 19, 2011

Of course the Republican plan would damage SS, Medicare and Veterans pay.

The Republican agenda hasn't changed they are just trying to disguise it.

The Republican Plan is kill any future revenues and set up automatic cuts to SS, Medicare, Vets benefits, education, infrastructure etc so the GOP have plausible deniability that they're not cutting everything.

The hokey Amendment the Repugs are pushing would make permanent taxes for the rich, make permanent corrupt loopholes and make permanent corporate welfare - to be paid for by automatic cuts to the social safety nets. So conveniently Republicans would destroy SS and Medicare insurances you've been paying premiums for all your life, vets benefits you've earned, and any expectation of a future economy in this country without infrastructure or educating next generations

Lindsay of TX 1:27PM July 19, 2011

Peter Roff

Peter Roff

Peter Roff is a contributing editor at U.S. News & World Report. Formerly a senior political writer for United Press International, he’s now affiliated with several public policy organizations including Let Freedom Ring, and Frontiers of Freedom. His writing has appeared in National Review, Fox News’ opinion section, The Daily Caller, Politico and elsewhere. Follow him on Twitter @PeterRoff.

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