Republicans acknowledged on Thursday they will have to sign off on more deficit spending to avoid a debt default that would roil financial markets and bring the government to a grinding halt.What's that you say, O Tea Partier? There's more than one party? To borrow the title of an excellent (but currently inactive, hence no link) blog: yeah, right.
Treasury Secretary Timothy Geithner pressed lawmakers to raise the nation's $14.3 trillion debt limit to allow the United States to borrow more and avert a crisis in the coming months.
House Budget Committee Chairman Paul Ryan, a Republican, said he recognized the need to allow the government to go deeper in debt.
"Will the debt ceiling ... have to be raised? Yes," said Ryan, who leads Republican efforts to slash deficit spending.
Don't forget to vote, now. Voting changes things!
2 comments:
Jim,
No matter who wins, or how badly thew screw things up, they can always claim that had the other Party won things would be far worse. And since the other side did not win, thus showing how badly they would actually screw things up, there really can be no way to conclusively disprove this claim.
In other words, when the Republicans propose to increase the debt limit to $15 trillion, they can justify it by saying that the Democrats would be raising it to $16 trillion.
So, while I have not discredited your "voting changes nothing" mantra, I have clearly proven that you can not actually prove beyond a doubt that it actually is true.
Phil, I completely agree ... I'm not within a country mile of having proven any such thing. In fact, I'm inclined to think it could be proven that it's impossible in principle to prove it! :-)
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