Dead loser
GOP dissension over debt-ceiling strategy
By Felicia Sonmez, WashPost, Published: January 5
There are early signs of division within the Republican Party over how to approach the upcoming debate over raising the federal debt ceiling.
On Friday, a top Senate Republican signaled that members of his party should be prepared to play hardball and be willing to accept the kind of consequences in each previous fight they’ve threatened but managed to avoid.
House Speaker John A. Boehner (R-Ohio) likewise insisted that Republicans hold the line, telling his members they must demand that every dollar they raise the debt limit be paired with commensurate spending cuts.
But other Republicans counseled caution, warning that pressure from the business community and the public to raise the $16.4 trillion federal borrowing limit renders untenable any threats not to do so and will weaken the GOP’s hand if their stance is perceived to be a bluff.
In an appearance Friday on MSNBC’s “Morning Joe,” former House speaker Newt Gingrich (R-Ga.) came out against the strategy of waging a showdown over the debt ceiling, calling the move a “dead loser” for the GOP.
(More here.)
There are early signs of division within the Republican Party over how to approach the upcoming debate over raising the federal debt ceiling.
On Friday, a top Senate Republican signaled that members of his party should be prepared to play hardball and be willing to accept the kind of consequences in each previous fight they’ve threatened but managed to avoid.
House Speaker John A. Boehner (R-Ohio) likewise insisted that Republicans hold the line, telling his members they must demand that every dollar they raise the debt limit be paired with commensurate spending cuts.
But other Republicans counseled caution, warning that pressure from the business community and the public to raise the $16.4 trillion federal borrowing limit renders untenable any threats not to do so and will weaken the GOP’s hand if their stance is perceived to be a bluff.
In an appearance Friday on MSNBC’s “Morning Joe,” former House speaker Newt Gingrich (R-Ga.) came out against the strategy of waging a showdown over the debt ceiling, calling the move a “dead loser” for the GOP.
(More here.)
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1 Comments:
It would be refreshing to read about divisions regarding debt on the 'left side of the aisle' instead of the mindless lockstep march towards financial ruin. The real ‘showdown’ will occur when market forces such as higher interest rates kick in.
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