Sunday, January 30, 2011
The Orange Boner dabbles in playing Debt Chicken
The Republican/Teabaggers are talking a mean game of Chicken revolving around the debt ceiling. The hard core deficit hawks are babbling on about not raising it and the sort of responsible ones are saying it has to be done. What they have in common is their inarticulate demand for spending cuts. And now, in an effort to control his caucus, the Orange Boner has jumped into the fray.
House Speaker John Boehner (R-OH) says it's not a threat.Poor OB he doesn't want a financial disaster on his watch but neither does he want a split in his caucus between those who would do irreparable damage to our country and those who have grown up. Can the Orange Boner pull it off? Only time will tell.
Even as he admitted that not raising the debt ceiling would mean a "financial disaster" for the US and the world, the Speaker said Sunday that Democrats must agree to big spending cuts before the GOP-controlled House will support the Obama administration's spending plans.
"I know you're not threatening to default, but do you agree with administration officials and other economists that defaulting on the full faith and credit of the United States would be a financial disaster?" Fox News' Chris Wallace asked Boehner.
"That would be a financial disaster," the Speaker agreed. "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."
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