Debt Ceiling: Key Comments from William Daley today (Roll Call)

[chill_wind]

Daley: Obama Would Veto Short-Term Hike to Debt Ceiling
By Daniel Newhauser
Roll Call Staff
July 24, 2011, 11:44 a.m.



White House Chief of Staff William Daley unequivocally said for the first time that President Barack Obama would veto a plan that does not raise the debt ceiling through 2013.

When asked on NBC’s “Meet the Press” whether the president would veto such a plan, Daley said, “Yes, the president believes that we must get this uncertainty ... out of the system.

“It must be extended in a way that gives certainty to the economy through ’13, not some short-term gimmick where we’re right back in this fix in six or eight months, and the world looks at us once again and says, in the middle of the political election year of presidential politics ... ‘These people just can’t get their act together,’” he added.

Daley backed a two-tiered approach being worked on by Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.), in which a “super committee” would tackle deficit reduction after a debt limit increase is enacted.

more:

http://www.rollcall.com/news/daley_obama_would_veto_short_term_hike_to_debt_ceiling-207615-1.html?pos=adp

[chill_wind]

1. Bloomberg:

Daley Says Obama Would Veto Plan If Doesn’t Extend Into 2013

President Barack Obama would veto a deal to raise the debt ceiling if it doesn’t extend the limit through 2013, White House Chief of Staff William Daley said, warning that “markets around the world” would react negatively to a short-term measure.

“We’ve got to get past this debt ceiling vote” Daley said on NBC’s “Meet the Press” program. “It’s time to get some certainty.”

Daley spoke as congressional negotiators were working on reaching a deal after talks broke down between the administration and House Republicans. Obama is pressing for a debt-ceiling increase before the Aug. 2 deadline set by the Treasury Department that will extend beyond next year’s elections.

(snip)

He endorsed an approach under consideration by Senate Minority Leader Mitch McConnell and Majority Leader Harry Reid to allow Obama to raise the debt ceiling without congressional approval. “It would not be this sword being held over the American people’s heads once again,” he said.

http://www.bloomberg.com/news/2011-07-24/daley-says-obama-would-veto-plan-if-doesn-t-extend-into-2013-1-.html

So this looks like the most likely and favored plan at the moment.

[chill_wind]

2. To be accurate

it does not sound like a ringing endorsement, but it does seem to be the plan with the most momentum at this point..

From transcript:

BOB SCHIEFFER: And, good morning again. We start with White House Chief of Staff Bill Daley. Mister Daley, the Republican Speaker John Boehner now seems to be thinking of a two-part plan here. First, Congress would agree to cut spending over the next ten years by a trillion dollars and raise the debt limit enough to meet the country's financial obligations for the end of the year. Then a twelve person bipartisan committee would be formed to find three trillion dollars more in savings by making significant cuts in Medicare and Social Security and overhauling the tax code. Congress would then take another vote to raise the debt limit before the 2012 election. Democrats and the White House have already said there will be no short-term increase. You said that yourself. But Speaker Boehner just now appeared on Fox News Sunday and said it had to be two stages. Here's what he said.

REPRESENTATIVE JOHN BOEHNER (Fox News): There is going to be a-- a two-stage process. It's not physically possible to do all of this in one step. And having said that, Chris, I know the President's worried about his next election. But my god, shouldn't we be worried about the country?

BOB SCHIEFFER: So there you are, Mister Daley. Your turn.

WILLIAM DALEY (White House Chief of Staff): Well, I think the two steps process, because the Congress could not deal with serious budget deficit action, Speaker Boehner had walked away twice from a deal with the President which would have finally begun a serious attempt to cut spending and address the deficit. The President's position is, yes, let's move forward. If there's two steps, fine. But do not have a step in the second part that lets the political system once again show its dysfunction. Get this deficit ceiling put off till after the election in thirteen. But more importantly than putting that off and giving certainty and lifting the cloud of default is begin a serious discussion and action on the deficit. That's what the American people want to see.

July 24, 2011 12:34 PM
"Face the Nation" transcript: July 24, 2011

[madrchsod]

3. kicking the can down the side walk.....

[Angry Dragon]

4. There must be only a handful of sane people in DC

These people are just so selfish and greedy that they can not see past their own pockets
I am getting sick of this garbage
They should all just hang their heads and resign if they want to play games with the American
people as pawns........


It seems most do not have any ethics or morals to match a pet rock