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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRepublicans Will Raise The Debt Ceiling For One Year Only If Obama Becomes A Republican
Republicans Will Raise The Debt Ceiling For One Year Only If Obama Becomes A Republican
As the nation moves dangerously close to a government shutdown on Oct. 1, House leaders are shifting their focus to the next big fiscal fight: raising the nations $16.7 trillion borrowing limit by one year before Oct. 17. On Wednesday night, Republicans circulated an outline of demands, threatening to push the nation into default unless President Obama and the Democrats in the Senate agree to enact a wish list of Republican priorities.
Though Obama has repeatedly insisted that he would not negotiate over the must-pass legislation, leadership is hoping to satisfy conservative members by including every major piece of the Republican agenda save a ban on late-term abortions and some lawmakers who oppose abortion were arguing to add that, the Washington Post reports. Below is a look at some of their demands:
1. Approve of the Keystone XL oil pipeline. The pipeline would link Albertas tar sands to refineries on the U.S. Gulf Coast and is currently under review at the State Department. The project would create 3,900 temporary construction jobs per year and would would only support 35 permanent and 15 temporary jobs, with negligible socioeconomic impacts, after construction is complete. The Environmental Protection Agency estimated that constructing the pipeline would increase annual carbon emissions by up to 27.6 million metric tons, or the equivalent of nearly 6 million cars on the road. Without completing Keystone, tar sands production is estimated to fall flat by 2020. At least three Democratic senators who support the pipeline Mark Begich of Alaska, Max Baucus of Montana and Joe Manchin of West Virginia said in interviews that language for the project should not be included in the debt-ceiling measure. Ive supported Keystone, but we should have a clean debt-limit bill, Begich said. Thats been the traditional way, and its been very successful.
2. Weaken the Consumer Financial Protection Bureau. Republicans have repeatedly tried to weaken the CFPB, which was created in the aftermath of the 2008 economic crisis to protect consumers from the predatory lending practices of large banks and financial institutions. The agency has increased supervision over mortgage lenders, brokers, consumer reporting agencies, and large banks, cracked down on debt collectors, set up programs to help consumers better understand loan agreements and recoup refunds from deceptive and illegal practices, and wrote new rules to prevent wrongful foreclosures.
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Full article with the list of SEVEN demands here: http://thinkprogress.org/politics/2013/09/26/2683131/republicans-say-they-will-raise-the-debt-ceiling-for-one-year-if-obama-becomes-a-republican/
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Republicans Will Raise The Debt Ceiling For One Year Only If Obama Becomes A Republican (Original Post)
Tx4obama
Sep 2013
OP
BlueToTheBone
(3,747 posts)1. and white. n/t
Scurrilous
(38,687 posts)2. And has a lobotomy. n/t