by the Left Coast Rebel
This just in from Politico:
Speaker John Boehner will call on Congress to offset a debt ceiling hike with spending cuts of a greater amount, an ambitious proposal that puts House Republicans on a collision course with Democrats who want much more modest spending restrictions attached to the vote.And The Hill:
“Without significant spending cuts and reforms to reduce our debt, there will be no debt limit increase,” Boehner plans to tell the Economic Club of New York here this evening, according to remarks obtained by POLITICO. “And the cuts should be greater than the accompanying increase in debt authority the president is given. We should be talking about cuts of trillions, not just billions.”
In an economic address in New York on Monday evening, the Speaker will lay down a significant new marker in the negotiations to raise the nation’s $14.3 trillion debt limit and avoid a first-ever default by the federal government.
“It’s true that allowing America to default would be irresponsible,” Boehner will tell the Economic Club of New York, according to excerpts provided by his office. “But it would be more irresponsible to raise the debt ceiling without simultaneously taking dramatic steps to reduce spending and reform the budget process. To increase the debt limit without simultaneously addressing the drivers of our debt — in defiance of the will of our people — would be monumentally arrogant and massively irresponsible.”
I will be the first to commend Boehner if he steps up to the plate and fulfills the mandate of the tea party that put him where he is and gets serious reform put in place in exchange for a debt ceiling hike.
Unfortunately, given his performance during the "budget battle" recently wherein he folded like a cheap 20-dollar suit, despite one of the most historic mandates in history, I am more than skeptical and highly doubt that he is up to the task.
If he doesn't perform during the debt ceiling showdown, the GOP is toast and will be thrown into the dustbin of history, as it should be.
And a viable fiscally conservative third party will emerge that tea-partiers, libertarians, independents and true conservatives can support.
I'm not alone, Gallup data confirms that a third party in America is a distinct possibility, as it has been for some time:
PRINCETON, NJ -- Fifty-two percent of Americans believe the Republican and Democratic parties do such a poor job of representing the people that a third party is needed. Forty percent believe they do an adequate job. The percentage calling for a third party is down from August, when it tied its high of 58%.
Via Memeorandum, cross posted to LCR.