We've been waiting for this moment to arrive for some time. Now it is upon us, and neither the Republicans in Washington nor investors in Wall Street really want to talk about it.
It's time to raise the nation's debt ceiling.
For Republicans, particularly in the fracture GOP House conference, we have heard muted noises, but little real guidance as to whether they will demand anything from President Obama in exchange for once again allowing the limit on the federal debt to be raised. They know the president will refuse to negotiate with them.
After the GOP shutdown the government for a brief period of time last year, endless polls were produced to somehow show that the public blamed Republicans for the shutdown. Ironically, when it started, some polls showed more Americans blaming Obama. That quickly shifted to basically equal blame for Republicans in Congress and the president.
And after the media got to work on the matter, polls soon started putting the blame on Republicans alone. Had the president's own disastrous web launch of Obamacare not commenced at the same time, the press would have ridden the GOP shutdown until it was beaten to the ground.
Lost in all of the news blur was the fact that most economic indicators revealed that the shutdown of government had little if any impact on the economy. That seems lost on everyone, including the weak-kneed Republican establishment that cringes at the mere thought of a meaningful showdown with President Obama.
Instead, House members have been wringing their hands, trying to decide what, if anything, they will ask of a president who in his own State of the Union address made it clear that he will ignore them and, whenever possible, will govern by fiat.
Oh, they have considered ideas such as asking for concessions over the Keystone Pipeline, a muddle-headed idea if ever there was one. We are just now learning that our nation is in its best shape in years in regard to access to oil and energy, so do we want to bring things to a halt over an issue that less than 20 percent of Americans even remotely understand? So inside the beltway in thinking. So special interest. So stupid.
How about this one, Congress? Why not take the one thing the entire nation fears or despises and take a stand on it? Why not demand an end to this absurd Affordable Care Act, leaving only the portions for preexisting conditions and older kids on their parents' insurance years intact. Those are the only two parts of Obamacare that get any approval from anyone, including most Democrats.
Losing Jobs Over Ex-Im’s Expiration? Don’t Believe ItLosing Jobs Over Ex-Im’s Expiration? Don’t Believe It | Ed Feulner