The title of a recently released Reuters article is “U.S. still in fiscal deadlock, but GLIMMERS OF HOPE (?) emerge” (Web-site/URL:
“A few faint glimmers of hope surfaced on Monday (October 7, 2013) in the U.S. fiscal STANDOFF, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation’s borrowing authority to avoid a default”. Wait. Isn’t the President AGAINST “short-term” remedies/fixes?
“Separately, a Senate aide said Republican Senator Rob Portman, an Ohioan influential on budget issues, was floating a plan to cut federal spending and reform the U.S. tax code as part of a broader deal to reopen shuttered government agencies and raise the government’s debt ceiling”.
“While Portman’s initiative may or may not gain traction, most lawmakers believe that a budget deal like it WILL BE NECESSARY TO END THE CURRENT STALEMATE“. WE MUST END this latest “stalemate”, but again we have to wonder: WILL THIS “deal” MATERIALIZE/HAPPEN?
“But seven days into a government shutdown and only 10 days from a CRITICAL need to raise the nation’s debt limit, NOTHING AMOUNTING TO A BREAKTHROUGH WAS IN SIGHT” again AS EXPECTED (Web-site/URL: http://www.youtube.com/watch?v=NgnAY_eXYbI). Also, this article was published on October 7, 2013 so the DATE OF DOOM has been set for OCTOBER 17, 2013. So, we’ve just answered the question that we’ve posed in the previous point.
“Democrats, and Obama, STEPPED UP THEIR CRITICISM of House of Representatives Speaker John Boehner for refusing to schedule a vote on a NO-STRINGS-ATTACHED measure to fund the government and end the shutdown”. There are TWO things to note here. First “stepped up their criticism” is yet another example of BLAMING & CRITICIZING (Web-site/URL: http://www.youtube.com/watch?v=u-AJviZ8Itk). “They believe it would pass with most Democrats in the House voting for it along with a handful of Republicans. Boehner said Sunday (October 6, 2013) that it would fail” again AS EXPECTED (Web-site/URL: http://www.youtube.com/watch?v=NgnAY_eXYbI).
More specifically, Obama said: “IF Republicans and Speaker Boehner is saying there ARE NOT enough votes, then they should PROVE IT“. Of course, Boehner WON’T do this.
“Obama’s press secretary, Jay Carney, told reporters (that) The President would be willing to accept a short-term debt ceiling increase in order to get past the potential crisis date of October 17 (2013) when the government hits the $16.7 TRILLION borrowing limit”. That’s “trillion” with a T, which is A LOT of money.
“Carney said that while the White House would prefer raising the ceiling enough to last A YEAR (until OCTOBER 7, 2014) , “we have never stated and we’re NOT saying today (October 7, 2013) that the debt ceiling ought to be or can be any particular length of time“.
“Obama said he is open to negotiations over his healthcare plan, a slight change of tone, but only AFTER Congress approves measures to end a week-long government shutdown and raise the U.S. debt ceiling”. Again, this is HIGHLY UNLIKELY.
“…in a visit to the Federal Emergency Management Agency (FEMA) on Monday (October 7, 2013) to spotlight the loss of government services because of the shutdown”, Obama said: “As soon as that happens (Congress agrees to end the shutdown), I am EAGER and READY to negotiate with Republicans on a whole range of issues: how do we CREATE MORE JOBS, how do we BUILD THE ECONOMY (and) how do we BOOST MANUFACTURING“, among other things. “I’M HAPPY to talk about healthcare (reform). I’M HAPPY to talk about energy policy, (and) how do we deal with our LONG-TERM fiscal situation”. The problem is: Republicans ARE NOT “eager, ready (and) happy…to negotiate with” Obama.
Finally “Boehner vowed on Sunday (October 6, 2013) NOT to raise the U.S. debt ceiling without a “serious conversation” about what is driving the debt, while Democrats said it was IRRESPONSIBLE and RECKLESS to raise the possibility of a U.S. default”. This is the latest/yet another example of “We think they made us mad; they think we made them mad and here we go” (Web-site/URL: http://www.youtube.com/watch?v=NgnAY_eXYbI).
To conclude, we must wonder: ARE THERE ANY “glimmers of hope” amid this “fiscal deadlock?”