You Should Put Some Salve On That

Hey, you remember the debt ceiling debacle from last year?  You know, the one where the NeoConfederates showed their, umm, assets so badly that everyone thought they were determined to destroy the full faith and credit of the United States just to make President Obama look bad?  Well, guess who’s back for another roller coaster ride?  Yup, you guessed it:

“We shouldn’t dread the debt limit. We should welcome it. It’s an action-forcing event in a town that has become infamous for inaction,” Boehner will say according to excerpts of prepared remarks provided by his office. “That night in New York City, I put forth the principle that we should not raise the debt ceiling without real spending cuts and reforms that exceed the amount of the debt limit increase…. When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase. This is the only avenue I see right now to force the elected leadership of this country to solve our structural fiscal imbalance. If that means we have to do a series of stop-gap measures, so be it – but that’s not the ideal. Let’s start solving the problem. We can make the bold cuts and reforms necessary to meet this principle, and we must.”

Seriously? Hey John, first of all, it’s not the town that is infamous for inaction, it’s your party, genius.  Second, the deal you’re trying to wriggle out of was designed to cover – you know what, I’m going to let Timmay ‘splain this one:

…”Congress has given the executive branch a set of tools that buy them some time. And those tools will probably take us into the early part of 2013, thus separating somewhat the timing of the expiry of the tax cuts and the sequester with the ultimate need for Congress to act on the debt limit.”

Shorter Geithner: “I’ve got enough till Inauguration Day, we’ll let the new boss handle it, that is to say, NOT you.”

Ouch.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s