I understand Republicans are trying to be the grown-ups in the room, but the problem is they are capitulating to the extreme rhetoric and lies Obama and his minions have been using to scare the markets. If they do this now, they’ve already lost because they are telling Obama he has a winning formula to get them to raise the debt ceiling. And they will be validating his lies.
Nothing good can come from this:
WAPO – House Republican leaders are pushing a six-week increase in the debt limit, without any conservative strings attached, to calm jittery financial markets, according to senior GOP advisers.
The plan was presented to the House GOP caucus Thursday morning after Treasury Secretary Jack Lew warned lawmakers that he would be unable to guarantee payments to any group — whether Social Security recipients or U.S. bondholders — unless Congress raises the federal debt ceiling.
If the GOP plan goes over well with rank-and-file Republicans, Speaker John A. Boehner (R-Ohio) could put the legislation on the floor for a vote late Thursday, aides said.