“Of course, it’s dangerous,” a House Republican close to Boehner said of the politics of a government default. “But it’s dangerous for everybody, especially the president. At the end of the day, [Obama] will have to give in.”
“Who has egg on their face if there is a sovereign debt crisis, House Republicans or the president?” asked another senior GOP lawmaker.
With a potential debt default by the U.S. government just two months off, and a continued standoff between the White House and GOP congressional leaders on how to move forward in boosting that limit, Republican lawmakers say publicly and privately that they believe Obama will be the one who has to cave.
Boehner and his top lieutenants — Majority Leader Eric Cantor (R-Va.) and Majority Whip Kevin McCarthy (R-Calif.) — are demanding that Obama put forth a comprehensive proposal to reduce the government’s $1.5 trillion deficit, and they are refusing to move on a debt-limit boost until the president does so.
Orange Julius figures he'll have a deal by Fourth of July, and that deal will include Medicare cuts, completely disarming the Democrats on the issue and assuring that the donks will walk right into the jet engine intake.
Politico's analysis aside, there should be absolute outrage from everyone that the Republicans are willing to trigger another recession just to win in 2012, but our "liberal media" is assuring we're too busy worrying about Anthony Weiner's weiner rather than the screwing our country is about to get.
Bend over, folks. Once again the country's economic future depends solely on the Democrats not caving.
[UPDATE] Nancy Pelosi and House Dems say they are standing firm and will not give in. Frankly, I'm not worried about House Democrats caving...I'm worried about Senate Dems doing so.
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