Wednesday, May 16, 2012
Another debt-limit fight on the horizon
As another debt-ceiling deadline looms sometime this summer, Obama's boy-wonder who can't figure out TurboTax, Timmy Geithner, hopes the republicans won't insist on concomitant budget cuts to go along with raising the debt limit. He just wants the debt limit raised, as if the American people are extending to the bloated government bureaucracy another few trillion in credit card spending.
My guess is that Boehner will again insist on cuts equal to or greater than the limit raise, but in the end the House republicans, fearing negative election repercussions via the Obama-friendly media, will pretty much cave. The media will howl about the mean republicans if they try to stand in the way of Obama getting a line of credit increase, and gullible beltway republicans always give in if they think it'll make the media like them.
I have news for Speaker Boehner: it won't, so stick to your guns.