Sat Jan 5, 2013, 04:43 PM
DonViejo (18,888 posts)
Gingrich says Republicans will 'cave' on their 'dead loser' debt limit bluff
by Jed Lewison
Appearing on Morning Joe earlier today, Newt Gingrich tells House Republicans that their debt limit bluff is "a dead loser" because it's obvious to everyone that they will ultimately cave:
They've got to find, in the House, a totally new strategy. For example, everybody talks about "Okay, here comes the debt ceiling." I think that's, frankly, a dead loser because in the end, you know what's going to happen. The whole national financial system is going to come into Washington by television and say "Oh my God, this would be a gigantic heart attack, the entire economy of the world will collapse, you guys can't be responsible." And they'll cave.
It says something about the state of the current Republican Party that Newt Gingrich is the one delivering to them a dose of reality, but there you have it. And he's not alone:
“If the Republican House thinks they’re going to get a deal on entitlements as a result of getting a deal on the debt ceiling, they’re foolish,” said former Sen. Judd Gregg (R-N.H.), co-chair of the Campaign to Fix the Debt. “ not about to do that and he knows that the Republican House isn’t going to be able to push us into default.”
The fact that Republicans are almost certainly bluffing is part of the reason that President Obama should stand firm on his pledge to not negotiate over a debt limit increase, but it's not the only reason: Even if they weren't bluffing, it would be a grave mistake to reward threats of economic sabotage. So it doesn't really matter whether Republicans are merely pretending to be economic terrorists on the debt ceiling or if they actually are economic terrorists: In neither case should their threats and behavior be rewarded. And given what Gingrich and Gregg said, it's not just Democrats who see it that way.
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Gingrich says Republicans will 'cave' on their 'dead loser' debt limit bluff (Original post)
|Drunken Irishman||Jan 2013||#3|
Response to DonViejo (Original post)
Sat Jan 5, 2013, 11:53 PM
agentS (1,320 posts)
2. The Tea party doesn't care. They want a default
Explains all the gun hoarding, doomsday prepping, and other nonsense.
A deal will be struck, but it won't be as substantial as they would want, as there are fewer of them in Congress this term and they don't have any decent momentum.
They won't get Medicare/Medicaid axed this round. They'll have to settle for a cut elsewhere. Where? who knows?
Shoot, Boener might get a decent deal (by his standards) out of the Dems but the Tea Party will vote no again like they did on Plan B.
The regular Rethugs will have to bite the bullet on a primary challenge (which they will face anyway due to tax increases) and vote for a straight debt ceiling increase. And the Tea Party goonbas will be made famous, and it will cost them in the general.