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Playinghardball

(11,665 posts)
Wed Dec 12, 2012, 03:40 PM Dec 2012

Obama to GOP on debt ceiling: Here is my offer, nothing

Ezra Klein reports:

The debt ceiling [...] is proving a key sticking point, both in terms of politics and policy [in the fiscal cliff/austeritybomb negotiations. The political problem is that many Hill Republicans have convinced themselves that they’ll have the upper hand if they let the country topple fully or mostly over the cliff and then restart negotiations with a debt default looming in the background. They figure that although Obama really is willing to let the country go over the cliff, he’s not willing to let the country default and spark a global financial crisis. They are willing to do that, or they believe they can more credibly say they are, and that gives them leverage.
Whatever House Republicans might think, the White House is all steel when it comes to the debt ceiling. Their position is simple, and it’s typically delivered in the tone of voice that Bruce Willis reserves for talking to terrorists: They’re happy to raise the debt ceiling on their own, as would be the case under their proposal to take authority for the debt ceiling away from Congress. But if Congress rejects that offer, then the debt ceiling is Congress’s problem, and the White House will not help.


I'm older than Ezra by more than a little, so the cinematic image that leaps into my brain is not Bruce Willis but rather Michael Corleone, in The Godfather, Part 2 (You tube here):

[Geary is demanding a large bribe for a gaming license]
Senator Pat Geary: I want your answer and the money by noon tomorrow. And one more thing. Don't you contact me again, ever. From now on, you deal with Turnbull.

Michael Corleone: Senator? You can have my answer now, if you like. My final offer is this: nothing. Not even the fee for the gaming license, which I would appreciate if you would put up personally.


President Obama would appreciate if John Boehner would deal with the debt limit now. But absent that, his offer is nothing. A far cry from August 2011. FWIW, President Clinton took the same approach when the GOP voiced the idea of holding the debt ceiling hostage in 1995:

http://www.dailykos.com/story/2012/12/12/1169226/-Obama-to-GOP-on-debt-ceiling-Here-is-my-offer-nothing
6 replies = new reply since forum marked as read
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Obama to GOP on debt ceiling: Here is my offer, nothing (Original Post) Playinghardball Dec 2012 OP
Thanks for the Godfather reference. Good one...n/t monmouth3 Dec 2012 #1
I'd say the criminal front operation that the GOP represents, deserves less than nothing. freshwest Dec 2012 #2
That is John2 Dec 2012 #3
+1 Dalai_1 Dec 2012 #4
I say let em own the debt ceiling. rgbecker Dec 2012 #5
Obama Campaign Reactivates To Pressure GOP MediaMan Dec 2012 #6

freshwest

(53,661 posts)
2. I'd say the criminal front operation that the GOP represents, deserves less than nothing.
Wed Dec 12, 2012, 04:09 PM
Dec 2012

And by less than nothing, I mean tax them to get back their ill-gotten gains. That's what taxes on the rich and subsidized corporations are. The GOP are so fond of playing the retroactive game. They should be dealt some retroactive justice.



 

John2

(2,730 posts)
3. That is
Wed Dec 12, 2012, 04:30 PM
Dec 2012

what I'm saying. I'm tired of listening to the Republicans whining. I'm tired of listening to the media. I'm tired of listening Wall Street. Just go off this dam cliff if they are so scared. The Republicans aren't in a position to dictate to anyone. Obama has already let us know the Republicans can sign a Bill now to cut taxes. That is the only time he should want to hear from Boehner. Go ahead off the Cliff, whatever turns you on!

rgbecker

(4,832 posts)
5. I say let em own the debt ceiling.
Wed Dec 12, 2012, 06:35 PM
Dec 2012

If Congress wants to say Obama can't borrow and spend any more. Obama simply chooses which programs to continue and which to stiff. First on the list, Congressmen's pay check.

MediaMan

(9 posts)
6. Obama Campaign Reactivates To Pressure GOP
Wed Dec 12, 2012, 10:32 PM
Dec 2012

Just a month after President Obama won his campaign for a second term, his campaign apparatus sprang back to life Wednesday, urging supporters to keep pressure on the GOP to sway towards the president’s favored tax policies.

- See more at: http://thedemocraticdaily.com/2012/12/12/obama-campaign-reactivates-to-pressure-gop/#sthash.fTaMRFf3.dpuf

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