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 GOP needs a government shutdown to re-establish GUT-bone fides with the American people.
Republicans should allow President Obama to shut down the government on behalf of his Big Business and government employee friends to whom he has granted exemptions, subsidies and delays.
Soon after his first inaugural in 2009, President Barack Obama demanded that health care reform be passed quickly to ensure a robust recovery and balanced budget, and that it must be done in comprehensive way. Then-Speaker Nancy Pelosi (D-CA) insisted the Affordable Care Act should only be read to discover its specifics, after it became law. Having received zero Republican votes, Obamacare became the Law of the Land. Continue reading