Republicans Should Call Obama’s Bluff On The Debt Ceiling

Republicans Should Call Obama’s Bluff On The Debt Ceiling

The American people are strongly opposed to raising the debt ceiling. The conservative base is demanding that Republicans finally, for the first time in years actually prove that they mean what they say about cutting spending insteading of kicking the can down the road yet again. It’s also not possible to pass any plan that features a tax increase because almost every Republican in the House has already signed a pledge not to do it. They’re not going to go back on that pledge and then have the very same Democrats who are demanding it crucify them for it during next year’s election.

Moreover, despite all of Barack Obama’s tough talk, he’s proven time and time again, on everything from Gitmo to these talks, that he will give ground. Keep in mind, at the start of these debt limit negotiations, Barack Obama wanted a clean bill with no cuts whatsoever.

Now, he’s taking his football, going home, and daring the GOP to call his bluff.

It was, sources from both parties say, the most tense of the deficit reduction meetings yet.

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After a period of what was described as constructive discussions, President Obama embraced $1.7 trillion in cuts as a “foundation.”

But House Majority Leader Eric Cantor, R-Va., said, “Wherever we are, it’s a long way from the $2.4 trillion needed to meet House GOP goals of dollar for dollar.”

So Cantor suggested a possible short-term extension in order to avoid default, with another vote next year.

The president — frustrated — said there would be no short term extensions. It would be bad for the economy, and resolving the deficit issue certainly won’t be easier next year in the throes of the political season, he said.

If we can’t do this now, we won’t be able to do it next year, he said….”Don’t call my bluff,” the president said. “I am not afraid to veto and I will take it to the American people.”

If Moody’s, the credit rating agency that announced a review of U.S. credit, downgrades the United States, President Obama said, “it will be a tax increase on every American.”

There needs to be a long-term debt extension, the president argued.

“This may bring my presidency down, but I will not yield on this,” he said.

Then he stood up.

“Enough is enough,” the president insisted. “We have to be willing to compromise. It shouldn’t be about positioning and politics, and I’ll see you all tomorrow.”

Then he left the room.

Isn’t it fascinating that making spending cuts is considered to be a compromise with Republicans? Sure, that’s true, because if it were up to Democrats, the deficit would be even more massive, but it’s interesting to hear Obama admit it in a roundabout way he would, since he’s Obama, deny later.

In any case, here’s a thought: Call Obama’s bluff.

Pass a bill that cuts somewhere between $1.7 trillion dollars and $2.4 trillion dollars through the House, let Obama and the Democrats in the Senate kill it, then let the crap hit the fan.

The conservative base will support it, the American people will support it, and at that point, there’ll be no question that it’s the Democrats holding up the deal….if they hold up the deal. There are real consequences to Democratic intransigence and its entirely possible that Obama will give ground.

Granted, it’s still risky. Our AAA credit rating could be in danger and we could see a partial government shut down, but if Obama and company are willing to go that far to fight spending cuts, then at some point they have to be exposed so that the American people can see what they’re really like and take into account. That’s vitally important, because the idea that the GOP is going to take over government and get the country back on track fiscally with Democrats fighting us every step of the way is a fantasy. At some point, there are going to have to be some Democrats who want to keep the country from going to bankrupt if we’re going to save the country. Making them actually take defining votes on issues like this helps let everyone know where they really stand. That is essential, not just for the GOP, but because if the Democratic Party doesn’t make some changes, we’re in a lot of trouble as a country.

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