In response to:

For Once, Republicans Must Ignore All Calls and Jump off Cliff

*Cato* Wrote: Dec 14, 2012 2:16 PM
Mr. Towery is full of it when he states "What leverage will the GOP have next year that will be stronger than the cards they hold now? The answer: none." The statement is a total lie. In February, something call the debt ceiling will automatically be containing the Congresional spending frenzy and will stop continued deficit spending once the ceiling is reached. This is, of course, the largest sledgehammer the GOP could possibly weild. Under any circumstances, there is no larger "hammer" for spending restraint. Those in Congress who are 'limited Gov't" fanatics need to use the debt ceiling "hammer" to railroad PrezBO into spending not so much of the taxpayers' treasure. For those who say the US will default if the debt...
*Cato* Wrote: Dec 14, 2012 2:27 PM
... ceiling is not raised legislatively, I say that is totally up to PrezBO to decide -- it's up to him to prioritize those activities that need to be funded with funds on hand.

My recommendation (in priority order) would be to fund: interest payments on publicly-held debt, SS payments for those 62 and older (if you qualify at a younger age, TOO BAD), fund Mediscare bills, and fund the military minus 7%.

So easy a caveman could do it.

I remember it well. It was Christmastime 1995, and much of the business establishment seemed furious with then-Speaker Newt Gingrich. As his political chair, I was hearing them out. Moreover, I was by then CEO of one of the nation's largest producers of corporate annual reports -- big-ticket items -- so I was listening intently.

But I had no influence. Bill Clinton was having nothing to do with Newt's threats to "shut down" the government, and that is exactly what Newt did -- twice -- both in December of 1995 and again in January of 1996. The result? Clinton...