The more things change, the more they remain the same.
Senate Democrats are preparing legislation once again to raise the nation's debt limit. This will be accomplished while ignoring Republican conditions for anything to actually pass the House. The White House announced these childish intentions Monday.
The nation is mired in unprecedented debt that has more than doubled since President Obama was sworn in January 20, 2009.
Republicans have warned they will seek long-term deficit cuts or reforms to benefit programs and the possibility of major rollbacks on environmental rules. Their opinion is there is a need to compromise before once again raising what now is a whopping $16.7 trillion debt.
Just like the Obamacare ("Affordable" Care Act) one-year delay requested by the Republicans, the leader of the free world has already told the GOP he will not negotiate on the raising of the debt limit although he has said he is “willing to discuss fiscal and other issues” with the GOP once Republicans surrender their stance on Obamacare.
Obama’s ultra-partisan Treasury Secretary Jack Lew has been quoted often saying he has exhausted the bookkeeping maneuvers he has been using to keep borrowing.
Where has all the extra money gone that was previously allocated with Republicans kicking and screaming? Is the treasury now the nation’s cookie jar to be raided for pet projects?
As usual, “economists” say a default could trigger a financial crisis and recession that would echo 2008, or worse.
The sky is falling about every six months under this president.
Meanwhile, a rejuvenated and defiant House Speaker John Boehner has demanded Obama, as the nation’s leader, must negotiate on changes to the 3-year-old health care law and spending cuts if he ever wants to end the shutdown and avert default.
If not now America, when?
When is the time “right” to begin really fixing this broken economy and quit spending like drunken sailors (my apologies to the US Navy).
Boehner again warned the president, "We're not going to pass a clean debt limit increase, I told the president, there's no way we're going to pass one. The votes are not in the House to pass a clean debt limit, and the president is risking default by not having a conversation with us."
Senate Majority Leader Harry Reid, D-Nev., lashed out at Boehner in a prepared statement (naturally) accusing him of a “credibility problem” and called on him to allow a vote on a straightforward bill to re-open the government.
Reid talks big for a little man with a tiny Senate majority.
In a series of Sunday television appearances on all five news shows, Treasury Secretary Lew, acting very much like a partisan Democratic candidate instead of the title he holds, said while Treasury expects to have $30 billion of cash on hand on Oct. 17, the money will be quickly be exhausted paying incoming bills.
The government's payments can run up to $60 billion on a single day.
This may be the beginning of a political standoff of historic proportions that many have predicted since the day Obama was sworn in.
It's about time.
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