Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
2016 Postmortem
Related: About this forumGOP Embraces Crisis Politics, Pushes For Three-Month Debt Ceiling Increase
House Republicans are apparently starting to get the message that not raising the nations debt limit would cause an economic crisis, as they are reportedly considering a plan that would raise the limit. But they would do so, according to a Bloomberg report, only until April 15, meaning the country will face a similar situation in just three months. House Majority Leader Eric Cantor (R-VA) confirmed the report later, saying, Next week, we will authorize a three month temporary debt limit increase to give the Senate and House time to pass a budget.
Such a plan runs counter to the claims Republican leaders have made for the last two years. Speaker John Boehner (R) and other Republicans have repeatedly blamed uncertainty for crushing job and economic growth. Here are a few examples:
BOEHNER: There is no question that the private sector in America right now sees all of this uncertainty coming out of Washington: new rules, new regulations and no idea what the tax rates are going to be at the end of next year, he says. I was with a group of employers in my own district yesterday who are very concerned about investing more in their business at a time of great uncertainty and I think government needs to help bring some certainty.
REP. PAUL RYAN (R-WI): We should not have a government that stands in the way, Ryan said during a campaign event in Virginia. We should have policies that help small businesses grow and create jobs. [...] What is the President doing? Ryan poised to his audience. More regulations, more uncertainty, more borrowing, more spending, more taxing.
REP. ERIC CANTOR (R-VA): Small businesses in particular, the backbone of our economy, face a cloud of uncertainty. This uncertainty prevents these entrepreneurs from taking a risk, from starting a business, and creating jobs.
Setting up repeated debt ceiling fights isnt ideal, given how costly they can be for the fragile economy. Republican intransigence on the debt ceiling in the summer of 2011 cost the nation an estimated $18.9 billion and at least a million jobs. It also created the so-called fiscal cliff, which set up another showdown at the end of the year that was ultimately pushed back three months to March.
Republican fears of uncertainty arent backed up by their actions. In the two years they have controlled Congress, America has reached the brink of a government shutdown, narrowly avoided default, and nearly gone over the fiscal cliff, leading President Obama to exclaim in a press conference last week that weve got to stop lurching from crisis to crisis to crisis. A three-month debt ceiling fix, though, would only increase the odds of another crisis this spring, when the prospect of a government shutdown and the fiscal cliffs automatic spending cuts are also back on the table.
Such a plan runs counter to the claims Republican leaders have made for the last two years. Speaker John Boehner (R) and other Republicans have repeatedly blamed uncertainty for crushing job and economic growth. Here are a few examples:
BOEHNER: There is no question that the private sector in America right now sees all of this uncertainty coming out of Washington: new rules, new regulations and no idea what the tax rates are going to be at the end of next year, he says. I was with a group of employers in my own district yesterday who are very concerned about investing more in their business at a time of great uncertainty and I think government needs to help bring some certainty.
REP. PAUL RYAN (R-WI): We should not have a government that stands in the way, Ryan said during a campaign event in Virginia. We should have policies that help small businesses grow and create jobs. [...] What is the President doing? Ryan poised to his audience. More regulations, more uncertainty, more borrowing, more spending, more taxing.
REP. ERIC CANTOR (R-VA): Small businesses in particular, the backbone of our economy, face a cloud of uncertainty. This uncertainty prevents these entrepreneurs from taking a risk, from starting a business, and creating jobs.
Setting up repeated debt ceiling fights isnt ideal, given how costly they can be for the fragile economy. Republican intransigence on the debt ceiling in the summer of 2011 cost the nation an estimated $18.9 billion and at least a million jobs. It also created the so-called fiscal cliff, which set up another showdown at the end of the year that was ultimately pushed back three months to March.
Republican fears of uncertainty arent backed up by their actions. In the two years they have controlled Congress, America has reached the brink of a government shutdown, narrowly avoided default, and nearly gone over the fiscal cliff, leading President Obama to exclaim in a press conference last week that weve got to stop lurching from crisis to crisis to crisis. A three-month debt ceiling fix, though, would only increase the odds of another crisis this spring, when the prospect of a government shutdown and the fiscal cliffs automatic spending cuts are also back on the table.
http://thinkprogress.org/economy/2013/01/18/1469821/gop-uncertainty-debt-ceiling-short/
And then after 3 months they'll increase the debt ceiling for 3 more months. And so it will go for the rest of Obama's presidency. Crisis after crisis. These guys need to be impeached for obstructing government.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
5 replies, 1018 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
5 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
GOP Embraces Crisis Politics, Pushes For Three-Month Debt Ceiling Increase (Original Post)
octoberlib
Jan 2013
OP
unblock
(52,209 posts)1. "hostage-taking is polling low now. can we try again in 3 months when it plays better?"
TheBlackAdder
(28,189 posts)2. Now who is KICKING THE CAN? eom
subterranean
(3,427 posts)3. Is it a coincidence that April 15 is also tax day?
Are they betting that Americans will be more receptive to shutting down the government right after sending in their tax returns?
Angry Dragon
(36,693 posts)4. If small-business is so important to the republicans then they should
call for the break-up the huge banks, Wal-Mart, media conglomerates (like Rupert), cable corporations and etc.
If they did this it would open the market for people to start businesses.
santamargarita
(3,170 posts)5. Fuck them!!!