See The Amazing Boehner Man Try to Escape From This Trap
A tentative deal to raise the debt ceiling and cut federal spending over a 10 year period emerged Sunday. The deal, which has the approval of Mr. Obama, Mr. Reid who is the Senate Democratic majority leader and Mr. McConnell who is the Senate Republican minority leader looks something like this.
- An immediate increase of $400 billion in the Treasury’s borrowing authority.
- A second increase of $900 billion later this fall. It would take a 2/3 vote in each branch of Congress to prevent this borrowing.
- A third increase of $1.2 trillion with cuts identified by a bi-partisan Congressional committee. If the cuts were not made, $1.2 trillion would be automatically cut from discretionary programs, with half from defense, half from social programs.
|Who Got Left Out?|
Noticeably silent in all of this is Republican Speaker of the House, John Boehner. As noted earlier by The Dismal Political Economist, Mr. Boehner could be in real trouble. First of all Mr. Boehner snookered the radical tea party members of the House into supporting his earlier bill by including a provision that no subsequent debt ceiling rise could take place without adoption of a Balanced Budget Amendment, the infamous BBA.
|Who got Left Out?|
|The Speaker now recognizes |
Once Mr. Boehner has the approximate number from Ms. Pelosi, he must now find the rest of the votes from Republicans. He must also convince his second in command, Majority Leader Cantor to support him and not do what Mr. Cantor so desperately wants to do, which is stab Mr. Boehner in the back and take over the Speakership.
So Mr. Boehner who suckered the tea party radicals into saving his leadership position last Friday now finds himself set up by the Senate leader Mr. McConnell. (He was warned by The Dismal Political Economist)
Calling Ms. Pelosi and Mr. Boehner, you’re on stage in five minutes (give or take 48 hours).