The only “faction” that controls whether to default, remains president of the United States.
Conservatives should be happy that Speaker John Boehner will agree to a short-term raising of the debt limit while insisting that President Barack Obama and the Democrats compromise over a continuing budget resolution to end the government shutdown.
Not because the former removes the specter of an actual “default”, but rather because it removes any plausible Democratic Party or media (but I repeat myself) allegation that a Republican refusal to raise the debt ceiling could be the cause of any downward market activity before or after the Obama Treasury Department-declared deadline of October 17.
For weeks, Charles Krauthammer has trashed the effort led by Sen. Ted Cruz (R-TX) to defund Obamacare as a “cul-de-sac” strategy because it would inevitably end in a government shutdown-showdown, that Republicans “just can’t” win.
Yet, last night he endorsed the notion of conditioning a hike in the debt limit or a continuing budget resolution on either subjecting federal employees, including congressmen and their staffs, to Obamacare or in a delay of the individual mandate tax or both.
But if President Barack Obama would refuse to compromise and agree to either of Krauthammer’s conditions, where else would that strategy lead but to a cul-de-sac at the end of Government Shutdown Street?
The logical import of any Republican strategy that would always give in to Democrat demands for fear that the GOP “just can’t” win a government shutdown-showdown renders the House impotent as a participant in the separation of government power under the Constitution. Continue reading