House Caves: Offers Temporary Debt Ceiling Increase

House GOP leadership have emerged from a closed-door meeting of House GOP members, who say they will push for a short-term debt ceiling increase.

“We’re going to offer legislation that will offer a temporary increase in the debt ceiling to allow us some time to continue this conversations,” said Republican Conference Chairman Cathy McMorris Rodgers (R-WA).

gty_cathy_mcmorris_rodgers_jef_120604_wblogThe claim is made that because Democrats are unwilling to negotiate, it is causing a delay in reopening what little bit of the federal government has been shut down. I’ll also note, the House Republicans are doing exactly what Obama and company want and they are giving up any leverage they have in doing this.

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Rodgers concludes, “We hope that the president will choose negotiation over crisis, leadership over inaction, and dialogue over silence.”

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House Speaker John Boehner (R-OH) said, “The president is fond of saying that no one gets everything they want in negotiations, and I agree with that. However, over the course of the last ten days we’ve been trying to talk with our democratic counterparts– they don’t want to talk. The president doesn’t want to talk.”

“I would hope that the president will look at this as an opportunity to move halfway…to what he has demanded.”

Boehner doesn’t even know what he is negotiating. He’s not even being that specific, but said, “That’s a conversation we’re going to have with the president today.”

“I don’t want to put anything on the table. I don’t want to take anything off the table,” he said. “That’s why we want to have this conversation.”

Oh? What about Obamacare Mr. Boehner? Isn’t that what this is supposed to be all about? Still have that on the table?

Representative Paul Ryan (R-WI) has been pushing this six week extension. Thanks Mr. Ryan, but no thanks.

Other House leaders like Eric Cantor (R-VA) claim that the debt ceiling increase is only temporary. No it isn’t, it’s permanent. When has the debt ceiling gone down? It hasn’t.

In fact, as Dr. Gary North points out in addressing this debt ceiling, default nonsense:

Default would be worse, however. The Treasury says that if Congress does not raise the statutory debt limit, it will run out of room to borrow by October 17, at which time it will be down to its last $30 billion, which could be exhausted within weeks.

It has been down to its last $30 billion ever since May 17, when the Treasury stopped reporting any increase in the debt. It has been locked in, as if by magic, at $16,699,396,000,000. It has not moved up by one dollar.

The Treasury is obviously cooking the books. Wall Street does not care. No one cares. So, let them keep cooking the books. Since reality in accounting does not matter at the Treasury, why worry about it at this late date? Just keep doing it.

“No one knows with certainty how bad the consequences are if we cross the line,” Treasury Secretary Jack Lew told the Fox Business Network.

So, if no one knows, they all ought to shut up. They should stop telling us about a looming crisis.

Cantor claims this is all about getting Obama and Harry Reid (D-NV) to the negotiating table. It isn’t. They have made their stand and let it be known. It’s time for the House to stop negotiating with these criminals and stand themselves. Pass a completely separate bill defunding Obamacare. When the Senate rejects it, let it die and send a bill only funding government (as per enumerated powers). Then let them own it. The House, according to the Constitution, determines what gets funded, not the Senate and not the Executive.

It’s getting close to Halloween and it looks like scare tactics are working on some Republicans in the House. Stop being scared! Do your job! Stand for the people and the Constitution, not Obama and the Democrats.

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