Boehner waves white flag of
surrender
House GOP outlines deal to lift
debt ceiling, end shutdown
House Republicans were in a
holding pattern Friday, awaiting a response from the Obama administration to a
proposal to lift the debt ceiling, end the government shutdown and set up six
weeks of budget talks.
The offer comes on the 11th day of
the government shutdown.
n addition to ending the shutdown
and increasing the debt limit, the proposal includes an easing of the
across-the-board spending cuts that began taking effect a year ago, and
replacing them with curbs in benefit programs that Obama himself has backed,
according to the Associated Press.
Among them is a plan to raise the
cost of Medicare for better-off beneficiaries.
Government could be reopened as
soon as next week if a framework for this process is agreed to.
But the White House isn’t
celebrating just yet.
President Obama knows a premature
celebration could cause a backlash among Republicans whose votes will be needed
and partly because the public suffered when large portions of the government
closed, reports Politico.
“This was entirely predictable,”
said Rep. Devin Nunes, R-Calif., a conservative who warned Republicans not to
shut down the government over Obamacare. “But at the end, everybody loses. This
isn’t about some political game.”
Of course, the final details
haven’t been worked out, and the progress made toward a deal on Thursday could
blow up at any time.
Right now, Republicans want to
fund the government through Dec. 15, and lift the debt ceiling through Nov. 20.
That would open two tracks for negotiations. Appropriators will develop 2014
spending levels. And then broader fiscal talks — spearheaded by Budget Chairman
Paul Ryan of Wisconsin, Ways and Means
Chairman Dave Camp of Michigan
and GOP leadership — would proceed alongside the debt ceiling timeline. These
talks could include reforms to the tax and entitlement systems, according to Politico.
“As we have publicly stated, any
House vote on a short-term debt limit bill is contingent on the White House and
House Republicans agreeing to negotiations on a larger fiscal framework,” said Michael
Steel, a Boehner spokesman. “There
is no agreement at this point on what that framework would involve, and we
don’t plan to comment on the details of these discussions.”
After meeting with Obama on
Thursday, Senate Majority Leader Harry Reid, D-Nev., took to the Senate floor
Friday to pan the House Republicans’ debt ceiling approach as too short and
simply a bridge to another congressional “period of bedlam” around the holidays
and a busy shopping season.
“They’re talking about extending
the debt ceiling two months or six weeks? Please,” Reid said. “We do not
believe a six-week delay … is enough to give the country what it needs.”
President Obama has said that,
unless Congress acts to raise the $16.7 trillion limit by next Thursday, the
nation will be at risk of default.
“Not so,” Moody’s Investors
Service said in a memo dated Oct. 7 and circulated on Capitol Hill Wednesday.
Moody’s explains hitting the debt
limit shouldn’t be confused with default.
“We believe the government would
continue to pay interest and principal on its debt even in the event that the
debt limit is not raised, leaving its creditworthiness intact,’ the memo says.
‘The debt limit restricts government expenditures to the amount of its incoming
revenues; it does not prohibit the government from servicing its debt. There is
no direct connection between the debt limit (actually the exhaustion of the
Treasury’s extraordinary measures to raise funds) and a default.”
John A. Boehner
John
A. Boehner is the speaker for the U.S.
House of Representatives, and a member of the Burning Tree Club.
Note: Stanley Ebner is a
member of the Burning Tree Club, and
a director at the Atlantic Council of
the United States
(think tank).
W. DeVier Pierson
is a member of the Burning Tree Club,
and a director at the Atlantic Council
of the United States
(think tank).
John
W. Warner is a member of the Burning
Tree Club, and a director at the Atlantic
Council of the United States
(think tank).
Open
Society Foundations was a funder for the Atlantic Council of the United
States (think tank).
George
Soros is the founder & chairman for the Open Society Foundations, and the chairman for the Foundation to Promote Open Society.
Foundation
to Promote Open Society was a funder for the Aspen Institute (think tank).
Jack
Valenti was a trustee at the Aspen
Institute (think tank), and a member of the Burning Tree Club.
Antonin
Scalia is a member of the Burning
Tree Club, and was a guest at the Koch
Industries annual conference.
Koch Industries
is the sponsor for the Koch Industries
annual conference.
David
H. Koch is the EVP for Koch
Industries, and a trustee at the Aspen
Institute (think tank).
Ann McLaughlin
Korologos was the chair emeritus for the Aspen Institute (think tank), and is married to Tom C. Korologos.
Tom C. Korologos
is married to Ann McLaughlin Korologos,
and a member of the Burning Tree Club.
Henry A. Kissinger was a lifetime
trustee at the Aspen Institute (think tank), is a director at the Atlantic
Council of the United States (think tank), a member of the Bohemian Club, a director at the
American Friends of Bilderberg (think tank), and a 2008 Bilderberg conference
participant (think tank).
William
Randolph Hearst was a member of the Bohemian
Club, and a member of the Burning
Tree Club.
George
H.W. Bush is a member of the Burning
Tree Club, and a member of the Bohemian
Club.
George H.W. Bush talks about the NWO and Walter Cronkite
said he is glad to sit at the Right Hand of Satan
Dark Secrets inside Bohemian Grove
Bohemian Club
Weaving Spiders Come
Not Here (Motto)
The Bavarian Order of the Illuminati Owl of Wisdom Owl_of_Minerva.
Walter L. Cronkite
was a member of the Bohemian Club,
and an anchorman for the CBS News.
Bob
Schieffer is the chief Washington
correspondent for the CBS News, and
a member of the Burning Tree Club.
John
A. Boehner is a member of the Burning
Tree Club, and the speaker for the U.S.
House of Representatives.
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