ShortFormBlogJuly 15, 2011

Maybe the debt ceiling was the wrong place to pick a fight, as it related to trying to get our country’s house in order…maybe that was the wrong place to do it.
GOP Senator Bob Corker • In a shockingly frank admission that the Republicans overplayed their obstructionist hand. The phrase “pick a fight” implies antagonism for antagonism’s sake which, if one reflects on the Republican party’s behavior over the last three years, would seem an appropriate implication. Another Senate Republican, Lindsey Graham, had a similar confession: “Our problem is we made a big deal about this for three months…we’ve got nobody to blame but ourselves.” Yes, indeed. These confessions bode well for the prospects of a deal passing the Senate, but the House remains another question entirely. source

Posted by Seth Millstein • 0 Comments • Permalink

He said if we pass Aug. 2, it would be like ‘Star Wars.’ I don’t think the people who are railing against raising the debt ceiling fully understand that.
Rep. Scott DesJarlais • Relating Speaker John Boehner’s remarks on a potential failure to raise the debt limit, made during a closed-door meeting today. Boehner was joined in this message by Rep. Paul Ryan, always the House GOP’s top dog on economic affairs. Basically, it seems like the leadership laid out exactly how bad the economy would get if the debt limit isn’t raised, and surprisingly enough, it sounds like it paid off to some measure. Said Arkansas Rep. Steve Womack: “It illustrates to us that doing nothing is unacceptable. I think the conference understands this is a defining moment for us. It’s time to put the next election aside.” If this is indicative of any genuine attitude House GOP membership, this could be huge news. source

Posted by Chris Tognotti • 0 Comments • Permalink

Medicare Means-testing on the way? President Obama is eying this common Republican policy idea as a means to a big debt limit deal. As the White House was careful to point out, for the benefit of a liberal base dim on imposing costs on low-income recipients, the Affordable Care Act has already resulted in slightly higher premiums for couples earning over $170,000, or singles earning $85,000 — his ideal would be to raise these further, to “modestly higher premiums.” The question is, would it work? The GOP has been abandoning their own policy proposals when Obama gives them a thumbs up since the health care debate; modest as this is, and we don’t see why that would change. source

Posted by Chris Tognotti • 0 Comments • Permalink

15 Jul 2011 21:53