Tuesday, July 26, 2011

Can The Republican Deficit/Debt Ceiling Plan Pass the Republican House?

It Just Gets Weirder and Weirder

The Plan of House of Representative Speaker John Boehner (R, Oh) to get his deficit reduction/debt ceiling increase enacted had three steps.

  1. Passage by the House of Representatives
  2. Passage by the Senate
  3. Delivery to Mr. Obama with the challenge to sign it into law, or veto it and be responsible for the ensuing default.

Senate Democrats have said that the second step will never happen.  Now it turns out the first step may not happen either.  The Wall Street Journal reports that opposition to the plan will prevent it from getting the 218 votes necessary to pass.

The leader of a large group of House conservatives said Tuesday he was "confident" there weren't enough GOP lawmakers to pass a plan by Republican House Speaker John Boehner to increase the debt ceiling and reduce the deficit.

Mr. Obama        and    Mr. Boehner
the House of Representatives.   

The Dismal Political Economist has long believed that there might be no debt ceiling increase that could pass

He also believes that however much the 2nd in Command to Speaker Boehner, Mr. Eric Cantor (R, Va) says he supports Mr. Boehner, Mr. Cantor is secretly working to defeat any plan, and cause the Republicans to dump Mr. Boehner in favor of Mr. Cantor.

This is pure speculation on the part of The Dismal Political Economist.  That doesn’t make it wrong.

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