Cross posted from The Stars Hollow Gazette
The sequel to the the Bush/Obama tax debacle is the unconstitutional debt ceiling. According to the 14th Amendment, the US has to pay its bills, even if the government has to borrow the money through bond sales. So the debt ceiling is another manufactured “cliff” that was created to curb spending which it didn’t, obviously, or we wounded be having another media side show staring the White House and the Congressional leadership. So get comfy and grab you favorite munchies as we watch the 99% get raked over the coals.
President Obama:
Obama Debt Ceiling Statement: Limit Increase Not Up For Debate After Fiscal Cliff Showdown
from Reuters
“While I will negotiate over many things, I will not have another debate with this Congress about whether or not they should pay the bills they have already racked up,” Obama said in remarks in the White House.
McConnell: Spending fight coming whether Obama ‘wants it or not’
by Alicia M. Cohn, The Hill
Senate Minority Leader Mitch McConnell (R-KY):
President Obama will get a fight over government spending with a hike to the debt limit “whether he wants it or not,” Senate Minority Leader Mitch McConnell (R-Ky.) wrote Thursday.
In an op-ed for Yahoo, McConnell wrote that Republicans would focus on reducing spending in the next Congress, and in conjunction with the debate over raising the $16.4 trillion debt ceiling. Congress will likely need to take action on the debt limit within the next two months.
“The president may not want to have a fight about government spending over the next few months, but it’s the fight he is going to have, because it’s a debate the country needs,” McConnell warned.
Speaker of the House John Boehner (R-OH)
Boehner tells GOP he’s through negotiating one-on-one with Obama
by Russel Berman, The Hill
Speaker John Boehner (R-Ohio) is signaling that at least one thing will change about his leadership during the 113th Congress: he’s telling Republicans he is done with private, one-on-one negotiations with President Obama.
and just to prove that the 113th Congress will bear little difference to the 112th
At noon today, I introduced the first bill of the 113th Congress to repeal Obamacare in its entirety.
— Michele Bachmann (@MicheleBachmann) January 3, 2013
Let the games begin: Thunderdome