The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

It Looks Like The Debt Limit Increase Will Make The CR Fracas Look Like Beanbag

Posted on | April 11, 2011 | 3 Comments

by Smitty

Keith Hennessy has a detailed post, from which I’ll mooch his bullet points:

  • First, a temporary continuing resolution has a hard deadline, while a debt limit increase does not.
  • Second, defaulting on a debt obligation is potentially far more serious than a temporary government shutdown.
  • Third, a freestanding debt limit increase bill doesn’t contain any spending cut, so there is no “natural” fiscal policy that should obviously included.

So there are questions as to when and how much to extend the debt ceiling. This will become another football, as Boehner can force the administration to come begging again soon by being too frugal with the extension.
These cruel ways, Mr. Boehner: don’t. Stop. Don’t stop.

Category: Budget

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