Mitch McConnell talks tough in an editorial, but I wonder how much of a spine he really has? The last time the Republicans and Democrats wrangled over tying spending cuts to the debt ceiling passage the Dow Jones lost over 1,800 points, or 15% of its value.
...the moment that he and virtually every elected Democrat in Washington signed off on the terms of the current arrangement, it was the last word on taxes. That debate is over. Now the conversation turns to cutting spending on the government programs that are the real source of the nation’s fiscal imbalance. And the upcoming debate on the debt limit is the perfect time to have that discussion.
The President may not want to have a fight about government spending over the next few months, but it’s the fight he is going to have, because it’s a debate the country needs. For the sake of our future, the President must show up to this debate early and convince his party to do something that neither he nor they have been willing to do until now.
http://news.yahoo.com/mcconnell--fi...hields-americans-from-tax-hike-010532341.html
...the moment that he and virtually every elected Democrat in Washington signed off on the terms of the current arrangement, it was the last word on taxes. That debate is over. Now the conversation turns to cutting spending on the government programs that are the real source of the nation’s fiscal imbalance. And the upcoming debate on the debt limit is the perfect time to have that discussion.
The President may not want to have a fight about government spending over the next few months, but it’s the fight he is going to have, because it’s a debate the country needs. For the sake of our future, the President must show up to this debate early and convince his party to do something that neither he nor they have been willing to do until now.
http://news.yahoo.com/mcconnell--fi...hields-americans-from-tax-hike-010532341.html