GOP in Disarray - Hitting the debt ceiling edition
It's going to be interesting to watch how the GOPers deal with this conflict. The Tea Party Republicans, who don't believe in climate change or evolution much less the consequences of policy, are demanding their duly elected candidates "do something" about that damn debt ceiling. This crackpot proposal from one beholden GOPer is especially amusing. What could go wrong?
"I intend to introduce legislation that would require the Treasury to make interest payments on our debt its first priority in the event that the debt ceiling is not raised," Sen. Pat Toomey (R-PA) wrote in a Friday Wall Street Journal op-ed.Meanwhile, Boehner is forced to admit not raising the ceiling is going to be a problem. He says in a recent interview:
If passed, Toomey's plan would require the government to cut large checks to foreign countries, and major financial institutions, before paying off its obligations to Social Security beneficiaries and other citizens owed money by the Treasury..."
That would be a financial disaster not only for our country, but for the worldwide economy. Remember, the American people on Election Day said we want to cut spending and we want to create jobs. You can't create jobs if you default on the federal debt.That may be the sanest remark I've ever heard him make, but he can't resist adding a healthy dose of partisan revisionism.
Listen, there has been a spending spree going on in Washington these last couple of years that is beyond control, and if the president is going to ask us to increase the debt limit, then he's going to have to be willing to cut up the credit cards. We've got to work together by listening to the American people and reducing these obligations that we have."These last couple of years?" Why, it's like the spending spree under the Bush administration that drained a healthy surplus and created most of the current deficit never happened.