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.
The silence of the 87 and not a dime’s worth of difference
Since President John F. Kennedy was gunned down there has been many dimes’ worth of difference between Democrats and Republicans, and there still is. The problem is that government has grown so large for so long and the economy is so weak that even establishment Republican dimes could tip us over the edge of the abyss.
Hence, the hope of the heretofore non-political tea partier candidates and their promise to fix the problems wrought by the professional politicians in Washington that buy their re-elections via the spending of other people’s money.
Their message resulted in the largest GOP House seat turnover since 1946. If ever their was a mandate for conservative change, this was it. Bigger even that the 1984 Reagan Morning in America and Newt’s 1994 Contract for America, the tea partiers promised to reign even the smaller dimes of Republican with 87 new faces.
Hopes were muted as the Lame Duck Congress gave Obama more power of the food we eat and allowed Obama Donkey-Ducks to betray Britain in favor of Russia and GI Jack in Jill in favor of Jack and Joe.
But fear not, we were told in the dead of winter. Just wait till those 87 new members arrive in January within sight of the McConnells and the Lugars of the world. Then you will see real change!
It is now four days before the Vernal Equinox and Republicans have unilaterally surrendered on a government shutdown; refused to de-fund the Legal Services Corporation; expanded ObamaCare to cover the spading of dogs and cats; and betrayed their promise to cut even a puny $100B form a $3.7T budget.
My conservative friends, if the GOP won’t significantly cut government spending after the 2010 wave, it will never be cut, no matter how many real conservatives are installed as Republican Party precinct or elected committeemen before 2012.