Debt ceiling discussions are starting
This week, the Washington debate over the debt ceiling was launched as House Speaker John Boehner (R-OH) declared no increase would take place without spending cuts:
House Speaker John Boehner (R-Ohio) said Tuesday that the House would not vote to raise the debt ceiling without spending cuts, setting up a potential fight with President Barack Obama and congressional Democrats.
“We’re not going to raise the debt ceiling without real cuts in spending. It’s as simple as that,” he said at a press conference.
“I believe the so-called Boehner Rule is the right formula for getting that done,” he said, referring to the notion that any increase in the statutory debt limit should be accompanied by an equivalent amount of spending cuts.
The White House and Senate Majority Leader Harry Reid (D-NV) have both said they will not negotiate on the debt ceiling. So far, this debate on the debt ceiling mirrors the one seen in 2011, which led to the Budget Control Act of 2011 and $2.1 trillion in spending reductions over 10 years.
It has long been the policy of Tea Party Patriots to oppose any negotiations on the debt ceiling. Our thousands of Local and State Coordinators have stood against raising it for any reason. Contrary to what the overspending crowd says, the debt ceiling is about future spending– like a credit card that’s hit its limit. Until 2011, the debt ceiling was used by both parties as a political tool to complain about debt while continuing to spend unabated. Thanks to the Tea Party, the debate in America has changed from “how much do we spend?” to “how much do we cut?”
Ironically, NBC News’ article on the Speaker’s comments calls them “a hard-line negotiating position.” This is an example of either language bias or Beltway thinking; only in Washington is balancing a budget considered “hard-line.” Negotiating on spending reductions is just that – a first step in the discussion process, and with Speaker Boehner, typically a soft first step.
The Secretary of the Treasury has indicated the federal government can borrow through Labor Day, which puts Congress having to make a decision within days of returning from the August recess. Let’s make sure to tell them to hold the line during the month they’re home.