An Inadequate Offer From the House - By The NYT Editorial Board

[DonViejo]

EDITORIAL

An Inadequate Offer From the House

By THE EDITORIAL BOARD

Published: October 10, 2013

Speaker John Boehner on Thursday said he was willing to delay briefly a disastrous default of the country’s financial obligations but was not willing to reopen the government. “I would hope that the president would look at this as an opportunity and a good-faith effort on our part to move halfway — halfway to what he’s demanded,” he said.

That’s not much of a good-faith effort. Though Mr. Obama expressed approval that “cooler heads” were prevailing in the House, according to his press secretary, Jay Carney, he also made it clear that the offer needs to include an end to the shutdown.

Postponing default by raising the debt ceiling for five or six weeks offers only momentary relief, and refusing to do so would have been unthinkable. Treasury Secretary Jacob Lew told the Senate Finance Committee on Thursday that the public’s retirement savings and benefits were at serious risk if Republicans left the debt ceiling unchanged. Business leaders — the traditional constituency of the Republicans until the Tea Party muscled them out of the way — have been pressuring leaders to change course.

A default would roil the global bond market, push up interest rates, and almost certainly produce another recession. Although Mr. Boehner grandly pronounced the six-week delay to be a major concession, the same danger will stare Congress in the face before Thanksgiving.

full editorial (no pay wall):
http://www.nytimes.com/2013/10/11/opinion/an-inadequate-offer-from-the-house.html

[Laelth]

1. k&r for exposure. n/t

-Laelth

[otherone]

2. kick

[Proud Liberal Dem]

3. How many more times

Should we have to deal with these manufactured crises? We need shutdowns and debt ceiling fights taken off the table permanently. They are simply not an appropriate mechanism for achieving legislative results not earned electorally. As for their complaints about budgets and deficits, the Dems attempted to go to conference 18 times over 5 months before the shutdown and before the Repubs called for one an hour before the shutdown.

[Cosmocat]

6. At some point

you have to do the right thing regardless of the politics.

They will continue to do this. No ifs, ands or buts. They can't help themselves.

Even if there are significant repercussions, you have to draw the line in the sand and end this.

They create this disaster, then put an absurd "offer" on the table that functionally leaves it going (six weeks) while demanding that the President give away the countries only out WHEN these jackasses go to far again?

THAT is supposed to be a "negotiation?"

But, this country, in all its painful obliviousness, wants to think this is a good step in the right direction.

We are getting what we deserve.

[Cha]

4. PBO: "What if I were hurting people just to get my

way?"

boner doesn't know how to speak without lying.



And, the only way PBO will talk to them is if they stop Terrorizing America and open our Government.

thanks Don

[PATRICK]

5. Anyone have video Yeltsin shelling

the Russian parliament?

[beachbum bob]

7. no deal under extortion threat

No deal can be struck...especially with the blame squarely on republicans. Clean cr for at least 6 months and lift debt ceiling for a year...lets do i this again next year before 2014 elections

[polynomial]

8. The NYT can do better

After years and years, more like a decade of unconcern spending habits coupled with negligence in revenue generation then argue about the debit ceiling from my view is preposterous.

The real kicker is the election campaign rant that one candidate would say about an opponent that might be shallow in business experience, yet rant about being fine-tuned to balance the economy. Or worse work through two wars without addressing that spending on the books. Is in my view a complicit dirty deal known by the rag journalist and the cable hate radio Journalist in concert duped the citizen.

A real disgusting rhetoric they all know way before any critical time the debit will be reached and the spending far exceeds the tax revenue intake. Worse likely the Congress and Senate know all along the increase in taxes is inevitable yet the Republicans stand fast to reduce taxes especially at the high end of the income spectrum. Horribly disappointing the Democratic political lean on the side line with secret signals for a curve ball, agree an economic monster crisis is because of the political hand that the world will be affected.

So we have the descent into political madness prior to that is insane cable radio commercial revenues but no tax revenues. Good reason to demand no death penalty for those openly violating physical to create an economic breakdown in services should have warrant to convictions because of the madness linked to this ridiculous political repetition.

Political masters of the creepy dark science of money laundering. Political cable interviews that are nothing more than a European pantomime political theatrical entertainment, mainly for deception, the one percent figuring to take the tax money that invokes music, conjures the Colbert Report to topical jokes, and slapstick raw political comedy by Bill Maher coupled to fairy tales or nursery stories by cable regular interviews leaning forward, usually produced around Christmas.

With the best of wishes from all political people; “God Bless America.” Spoken by everyone in the Congress and the Senate, Pease on earth because of America’s justifiable military spending. Right now most Americans are asking what we the people can do for the government but the government is telling us what it is not able to do.

The words of a famous Democratic era; Ask not what your country can do for you ask what you can do for your country.

Well at this point in time we are all in outrage with that known what our country cannot do for Americans. But we the people do ask what our country and suggest what it can for us plus most of us are trying to get this message to the political crowd to do something for our country besides grow hate through economic grief by the Republican tea party.