ClydeR
08-27-2013, 01:25 PM
Background..
The last debt ceiling crisis was in 2011, as a set up for the 2012 elections. The next debt ceiling crisis will be this fall, as a set up for the 2014 elections. Last time, Obama vowed not to negotiate over the debt ceiling, but he eventually did anyway. This time, Obama vows not to negotiate over the debt ceiling, and this time he really means it, since he's not running for reelection.
WASHINGTON — Unless Congress raises the debt ceiling, the Treasury Department said on Monday that it expected to lose the ability to pay all of the government’s bills in mid-October.
More... (http://www.nytimes.com/2013/08/27/us/politics/treasury-warns-congress-over-raising-debt-ceiling.html)
The Players..
Speaker Boehner..
House Speaker John Boehner said Monday that getting the GOP-controlled House to agree to raising the U.S. debt ceiling will only come with a bipartisan deal to make cost-saving changes to Social Security, Medicaid, Medicare, farm programs and government pensions.
More... (http://www.idahostatesman.com/2013/08/26/2726580/popkey-boehner-visits-boise-still.html)
("Farm programs" = food stamps)
President Obama..
In an interview on CNBC Tuesday morning, Treasury Secretary Jack repeated, multiple times, the Obama administration's familiar line that the President "won't negotiate" over raising the nation's debt limit later this fall.
"The President has made it clear: we're not going to negotiate over the debt limit," Lew said.
That has been a sticking point for President Barack Obama since the summer of 2011, when negotiations over the debt ceiling led to a near breach and played a part in a downgrade of the nation's credit rating. During the fiscal cliff debate late last year, Obama said he wouldn't be negotiating over the debt limit.
Lew drew a contrast between the upcoming fiscal debates, which also includes the need to pass a continuing-resolution bill to fund the government after Sept. 30. In another familiar line, he cast the debt-limit debate as one over bills that Congress has already racked up.
"The debt limit is just different. ... These are old bills that have to be paid," he said.
More... (http://www.businessinsider.com/debt-ceiling-deadline-jack-lew-john-boehner-obama-2013-8)
The Republican Base..
Former Alaska governor Sarah Palin is set to announce Tuesday that she has signed on to the Defund Obamacare movement.
More... (http://www.washingtonpost.com/blogs/post-politics/wp/2013/08/27/sarah-palin-backs-defund-obamacare/)
The last debt ceiling crisis was in 2011, as a set up for the 2012 elections. The next debt ceiling crisis will be this fall, as a set up for the 2014 elections. Last time, Obama vowed not to negotiate over the debt ceiling, but he eventually did anyway. This time, Obama vows not to negotiate over the debt ceiling, and this time he really means it, since he's not running for reelection.
WASHINGTON — Unless Congress raises the debt ceiling, the Treasury Department said on Monday that it expected to lose the ability to pay all of the government’s bills in mid-October.
More... (http://www.nytimes.com/2013/08/27/us/politics/treasury-warns-congress-over-raising-debt-ceiling.html)
The Players..
Speaker Boehner..
House Speaker John Boehner said Monday that getting the GOP-controlled House to agree to raising the U.S. debt ceiling will only come with a bipartisan deal to make cost-saving changes to Social Security, Medicaid, Medicare, farm programs and government pensions.
More... (http://www.idahostatesman.com/2013/08/26/2726580/popkey-boehner-visits-boise-still.html)
("Farm programs" = food stamps)
President Obama..
In an interview on CNBC Tuesday morning, Treasury Secretary Jack repeated, multiple times, the Obama administration's familiar line that the President "won't negotiate" over raising the nation's debt limit later this fall.
"The President has made it clear: we're not going to negotiate over the debt limit," Lew said.
That has been a sticking point for President Barack Obama since the summer of 2011, when negotiations over the debt ceiling led to a near breach and played a part in a downgrade of the nation's credit rating. During the fiscal cliff debate late last year, Obama said he wouldn't be negotiating over the debt limit.
Lew drew a contrast between the upcoming fiscal debates, which also includes the need to pass a continuing-resolution bill to fund the government after Sept. 30. In another familiar line, he cast the debt-limit debate as one over bills that Congress has already racked up.
"The debt limit is just different. ... These are old bills that have to be paid," he said.
More... (http://www.businessinsider.com/debt-ceiling-deadline-jack-lew-john-boehner-obama-2013-8)
The Republican Base..
Former Alaska governor Sarah Palin is set to announce Tuesday that she has signed on to the Defund Obamacare movement.
More... (http://www.washingtonpost.com/blogs/post-politics/wp/2013/08/27/sarah-palin-backs-defund-obamacare/)