President Obama and House Republicans failed to reach agreement on a six-week extension of the nation’s borrowing authority during a meeting Thursday at the White House, but both sides agreed to keep talking and the Republican offer was seen as a first step toward ending the budget standoff.
Twenty Republicans, led by Speaker John A. Boehner, went to the White House at Mr. Obama’s invitation after a day of fine-tuning their offer to increase the Treasury Department’s authority to borrow money to pay existing obligations through Nov. 22.
In exchange, they sought the president’s commitment to negotiate a deal for long-term deficit reduction and a tax overhaul. Yada, yada, yada, and so be it. Seriously now after all of the President’s complaining with his party in tow one should be careful not to bend over so quickly.
Still, the House Republican offer represented a potentially significant breakthrough. Even if Democrats found fault with the Republicans’ immediate proposal — for example, it would prevent a Treasury secretary from engaging in accounting maneuvers to stave off potential default — it was seen as an opening gambit in the legislative dance toward some resolution before the government is expected to breach its debt limit on Thursday.
Even before the meeting, the White House and its Democratic allies in Congress were all but declaring victory at the evidence that Republicans — suffering the most in polls, and pressured by business allies and donors not to provoke a government default — were seeking a way out of the impasse. We do feel that that alone is bias in reporting.
As for us here at The Contemplative Thinker, we believe that if someone – in this case the Republicans – do not put an end to the ever-raising spending which altruistically means since we [USA] do not have the money the further in debt we get in too. And believe it or not it is ObamaCare – The Affordable Care Act – that is standing smack in the middle of this crisis.
“Americans want Congress to do two things, work together on our national fiscal crisis, and stop Obamacare. It’s time Congress started listening to them” offers Rep. Steve Stockman (R-TX).
Additionally, Rep. Jim Bridenstine (R-OK) states, “The American people do not want Obamacare, and the representatives closest to them have voted not to spend the people’s money on it. If the Democrat-controlled Senate decides not to accept this, then it is their choice to shut down the government.”
Rep. Jim Jordan (R-OH) says, “We’re the House of Representatives. We’re the body that’s supposed to be closer to the people … That’s why when you go home for five weeks and you hear from people that this law is not ready, that has an impact.”
Rep. John Fleming (R-LA) asserts, “Obamacare is the most dangerous piece of legislation ever passed in Congress. It is the most existential threat to our economy … since the Great Depression.”
Therefore it is and remains extremely clear that either good or disastrous, it is the President and members of his party that would rather see our nation’s government shut down because of ObamaCare – Anyone, how is this not at glorified ego trip.