“The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.”

Socialist Party presidential candidate Norman Thomas

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.

1 comment:

Bill Lockhart said...

This whole idea of debt limit --with a "ceiling" no less seems like total bullshit to me. Aren't we supposed to pay our bills? And not keep taking out more and more payday loans--from the future?