Wry Catcher
Diamond Member
- Banned
- #41
Boehner: U.S. Republicans will not pass 'clean' debt-limit increase - Yahoo Finance
Boehner has now stated that he and the GOP will hold the debt-ceiling increase, and indeed the financial health of the USA & the World, hostage to their budget cuts.
This makes me very sad. I thought they were smarter than this. I thought they were more Patriotic than this.
A partial govt. shutdown in order to get budget consessions is one thing, but threatening a debt default is a whole different creature.
This is a very dangerous path the GOP is taking.
Unfortunately, Congress consistently brings the government to the edge of default before facing its responsibility. This brinkmanship threatens the holders of government bonds and those who rely on Social Security and veterans benefits. Interest rates would skyrocket, instability would occur in financial markets, and the federal deficit would soar. The United States has a special responsibility to itself and the world to meet its obligations. It means we have a well-earned reputation for reliability and credibility -- two things that set us apart from much of the world."
Ronald Reagan, 1968
Listening to Boehner today was a scratch the head experience. He complained that out of control spending has been going on for Twenty Years, the American People can't afford Obamacare and the President won't talk to him.
1. Boehner has been in Congress for 22 years, yet he blames Washington Pols for our out of control spending. Where was he before Obama was elected? Voting yes to Bush II's out of control spending and tax cuts.
2. Americans and business, per the "Kaiser Family Foundation, estimates that the average annual premium in 2013 is $16,351 for family coverage an average increase of 4 percent from last year. The rate is the latest indication that growth in health care costs is abating, though premiums are still increasing faster than workers wages (1.8 percent from 2012 to 2013) and general inflation (1.1 percent from 2012 to 2013). Employees are now contributing $4,565 on average toward the cost of their coverage.
We are in a prolonged period of moderation in premiums, which should create some breathing room for the private sector to try to reduce costs without cutting back benefits for workers, Kaiser President and CEO Drew Altman, Ph.D., said.
Boehner Lied.
3. Why should Obama negotiate with Boehner, he is a liar and has reneged (changed the goal posts) too many times to be trusted.