Driving the Week: Debt Limit Talks Intensify
According to the AP, “Talks on raising the debt limit shift into high gear this week, with both sides aiming for accord before Congress begins its July 4th recess.” Reports – both in the press and from Capitol Hill – suggest the Biden-led group is inching toward an agreement.
If Treasury Secretary Timothy Geithner is to be believed, America is just 43 days away from Armageddon. Of course, from the stimulus to Dodd-Frank, Mr. Geithner has done nothing to warrant our trust when it comes to raising the nation’s debt ceiling.
The cut, cap and balance approach is the only one on the table right now. President Obama and Congressional Democrats have not offered a plan to save our country. Instead, they continue to demagogue conservative attempts to restore American exceptionalism.
Throwing another wrinkle in the debate, Senate Mitch McConnell (R-KY) opened the door to a “very short- term proposal over a few months.”
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