Republicans release their extortion terms
Posted: Mon Jul 08, 2013 11:51 am
Republicans release their extortion terms for next debt limit rise. Look for a govt shut down as Tea Baggers refuse to pay for spending Congress approved.
House Republicans Draft Their Debt-Ceiling Playbook
http://www.nationaljournal.com/congress ... k-20130707
For a long-term deal, one that gives Treasury borrowing authority for three and a half years, Obama would have to agree to premium support. The plan to privatize Medicare, perhaps the most controversial aspect of the Ryan budget, is the holy grail for conservatives who say major deficit-reduction can only be achieved by making this type of cut to mandatory spending. "If the president wants to go big, there's a big idea," said Scalise.
For a medium-sized increase in the debt limit, Republicans want Obama to agree to cut spending in the SNAP food-stamp program, block-grant Medicaid, or tinker with chained CPI.
For a smaller increase, there is talk of means-testing Social Security, for example, or ending certain agricultural subsidies.
Good article on Tea Baggers damaging the GOP:
The GOP’s Mounting Woes
http://www.thefiscaltimes.com/Columns/2 ... aspx#page1
Big donors to the Republican Party are starting to become deeply frustrated by the unwillingness of the party’s primary voters and convention delegates to put electability at the top of their list of qualifications for nominees to high office. Moreover, many such nominees don’t appear to have been vetted very well and turned out to hold eccentric, if not completely crazy, views on various issues.
House Republicans Draft Their Debt-Ceiling Playbook
http://www.nationaljournal.com/congress ... k-20130707
For a long-term deal, one that gives Treasury borrowing authority for three and a half years, Obama would have to agree to premium support. The plan to privatize Medicare, perhaps the most controversial aspect of the Ryan budget, is the holy grail for conservatives who say major deficit-reduction can only be achieved by making this type of cut to mandatory spending. "If the president wants to go big, there's a big idea," said Scalise.
For a medium-sized increase in the debt limit, Republicans want Obama to agree to cut spending in the SNAP food-stamp program, block-grant Medicaid, or tinker with chained CPI.
For a smaller increase, there is talk of means-testing Social Security, for example, or ending certain agricultural subsidies.
Good article on Tea Baggers damaging the GOP:
The GOP’s Mounting Woes
http://www.thefiscaltimes.com/Columns/2 ... aspx#page1
Big donors to the Republican Party are starting to become deeply frustrated by the unwillingness of the party’s primary voters and convention delegates to put electability at the top of their list of qualifications for nominees to high office. Moreover, many such nominees don’t appear to have been vetted very well and turned out to hold eccentric, if not completely crazy, views on various issues.