Elections have consequences. The U.S. Senate lacks the needed number of fiscal conservatives to pass a consequential course correction for the federal budget. Thus, it’s half a loaf or nothing. Bill Kristol of The Weekly Standard lays out the realities in this piece. Unless or until the ideology of the Senate changes, half a loaf is the best deal fiscal conservatives can expect.
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28
2011 At 9:56 am, Flannel Avenger Said:
It depends. Simply refusing to raise the debt limit and explaining that we expect Obama to service the debt from incoming revenues is a valid option.
After all, the House of Representatives does control the purse strings.
While the fear that the electorate would be unwilling to punish the Democrats for their intransigence in the face of a mathematical impossibility is a valid one it becomes a question of doing the right thing rather than the politically expedient thing.
Although I do hope it passes the Senate and Obama goes through on his veto threat. Then I get no raise to the debt ceiling and the foolish masses will blame Obama.