Boehner: Failing To Raise The Debt Limit Puts Economy In Great Jeopardy

[ProSense]

Boehner: Failing To Raise The Debt Limit Puts Economy In Great Jeopardy

Brian Beutler

In a political role reversal Friday, House Speaker John Boehner (R-OH) warned that Congress risks severely harming the economy and exacerbating the unemployment crisis if it fails to raise the national debt ceiling in the next four weeks.

"While some think we can go past August 2nd, I frankly think it puts us in an awful lot of jeopardy, and puts our economy in jeopardy, risking even more jobs," Boehner told reporters at his weekly Capitol briefing.

His statement comes as a quiet rebuke to members of his own party who've argued that smacking against the ceiling -- or even defaulting briefly on the debt -- poses no great risk to the economy.

It also raises the question of why Republicans have refused to raise the borrowing limit without extracting major concessions from Democrats on federal spending. Boehner says he and White House negotiators aren't narrowing their differences on a comprehensive debt bill very quickly.

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[SpiralHawk]

1. "D'oh." - Der BoehnerMeister (R)

[Ian David]

2. "And then we'll all have to work in a tavern! Boo hoo hoo!" n/t

[emulatorloo]

3. Good for Boehner. FreeRepublic must be in meltdown mode.

[theaocp]

4. "So, the Dems better get in line and do what we say!"

...gawd help us if they do...

[Inuca]

10. Actually

I think that Boehner would be willing to compromise in a meaningful way. Not necessarily a compromise I would like, but that is the nature of a compromise. I think he understand he can't have everything and give nothing.

[theaocp]

11. A meaningful way?

:rofl: What in the world makes you think that? Past performance is entirely indicative of future behavior!

[Inuca]

13. Meaningful means

something else than barking slogans. That's my perception at least, I may of course be wrong. And I cannot stand the guy. But I do not think he is as ideological as say Cantor or as completely cynical as mcConnell in the Senate. And his past performance from what I know (not much, i confess) is that of a wheeler & dealer.

[theaocp]

15. Optimism springs eternal.

As much as I don't trust Obama, I merely change anything Boehner says to the opposite. Up is down, freedom is slavery, etc. The man is a cancer.

[PragmaticLiberal]

21. I agree with you about Boehner.

Yeah, I know he's a Republican but I don't believe he's crazy.


But unfortunately, he made a deal with the devil(Tea Partiers)and now he's paying for it.


Heck, we're all paying for it.

[rocktivity]

5. Then SUCCEED at rasing the debt ceiling.

Better yet, rescind the Bush tax cuts, since they caused this problem.

:headbang:
rocktivity

[Renew Deal]

6. This is why Obama shouldn't have entertained discussions in the first place.

[Inuca]

14. I COMPLETELY fail to understand

the logic of your statement. Obama should not have discussed anything with anyone? Do what instead? Install himself as the dictator in chief?

[Renew Deal]

16. He should have asked for a clean bill and vetod anything but a clean bill.

There shouldn't have been any negotiation because there's nothing to talk about. Debt ceilings have nothing to do with this other stuff.

[whosinpower]

17. Yes - except he threatened to veto anything

that did not include at least 2 trillion in cuts.

So, now you know who the hostage taker trully is.

[bornskeptic]

19. No he didn't.

He threatened to veto any increase of the debt ceiling of less than $2 trillion. FDL is not a credible source.

http://blogs.abcnews.com/politicalpunch/2011/07/president-obama-threatens-to-veto-deficit-reduction-package-without-extension-of-debt-ceiling-to-aft.html

[pansypoo53219]

7. boner needs to agree to end

NO MILLIONAIRE LEFT BEHIND.

[whosinpower]

8. It puts Boehner and the GOP in jeopardy

It will throw Wall Street into conniptions - but Wall street has carefully disinvested itself from Main street -and main street will not NEARLY be hit as hard as Wall Street.

Let Wall street do some furious blinking to the GOP instead of the democrat's always blinking first.

[Inuca]

9. It pains me to say this, because

I thoroughly dislike him, but Boehner is one of the grown ups. Often nasty and not very smart, but not an ideological nut, not of the abhorrent cynicism of a McConnell. He is better than that. Not much of a compliment, but still....

[neverforget]

12. Who do they want to piss of more: their lunatic base who votes or

Wall Street who writes the checks? I'm thinking money talks

[lunatica]

18. They'll smack him down by tomorrow and he'll again reverse himself

The teaparty is on it.

[BlueIdaho]

20. Sounds to me like

He has out negotiated the President, has him over a barrel and wants to close the deal.