Sponsored Content
« Friday Morning News Dump | Main | Lance Armstrong's Lies Excorciated by Media That Still Maintains Dan Rather Maybe Told the Truth and Bill Clinton Didn't Do Anything So Bad »
January 18, 2013

John Cornyn: Of Course We're Going To Raise The Debt Ceiling

The Republicans are waving their hands and saying, "This is not the hill you are looking to fight on. Move along".

“We will raise the debt ceiling. We’re not going to default on our debt,” the Republican whip said. ”I will tell you unequivocally, we’re not going to default.”

Sen. Susan Collins (R-Maine) has also said that the debt ceiling must be raised. Sen. Lisa Murkowski (R-Alaska) has said the borrowing limit should not be used for leverage: “If you incur an obligation, you have a responsibility to pay for that,” she told the Fairbanks Daily News-Miner.

While Cornyn doesn't rule out spending cuts as part of the hike, the Democrats don't want that. It's hard to see once you take default off the table what Obama's motivation to cut spending is.

Of course John Boehner explicitly promised to include spending cuts "equal to or grater than" the hike in the debt limit before and after caving on the fiscal cliff.

Some House Republicans argue that the Treasury can avoid default by prioritizing which bills to pay (service the debt first). A former George W. Bush Treasury official disagrees with that.

Let's be honest, the GOP is going to cave on the debt ceiling and get nothing for it. The real question is, will they actually let sequestration (you know the spending cuts the "won" in the last debt fight) happen or will they kick it down the road again to the next hill they will retreat from, the Continuing Resolution?

Let's put it this way...that clanking sound you here is a can being kicked down a road.

Aside from getting rolled on everything the GOP's biggest problem is they look like idiots in the process. If you can't win fights, stop saying you want to fight and think you'll win.

Over promising and under delivering is the worst of all possible worlds.

digg this
posted by DrewM. at 11:35 AM

| Access Comments

Recent Comments
Biden's Dog sniffs a whole lotta malarkey,: "Disney is asking for more punishment! https://t ..."

San Franpsycho: "Good morning morons The FBI is a paragon of vir ..."

Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b]: "Time for a second small cuppa coffee, and then I'l ..."

Pixy Misa: "[i]8 >>>AI makes shit up. (PowerLine) And I won ..."

Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b]: "Evening and morning, all! 'Tis Tuesday, and . . . ..."

Ciampino --- Cats everywhere: "So Pixy, today's theme is SHIT? LOL ..."

m: ">>>AI makes shit up. (PowerLine) And I wonder i ..."

m: "232 So last week the Board of Stupidvisors met out ..."

Biden's Dog sniffs a whole lotta malarkey,: "BOING! ..."

Ciampino -- Cats everywhere: "G'day all ..."

Lost In Space: "the case folded like a damp tissue when it went to ..."

Lost In Space: "G'day all! ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64