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There were skeptics last spring when I said in New York that we should have spending cuts larger than any debt limit hike we gave the president.
The Associated Press (@AP) BREAKING: AP Sources: House GOP offers debt limit hike, end to shutdown in package with spending cuts October 11, 2013 Updated at 4.35pm BST 4.27pm BST The Republicans have arrived to the White House, CBS News reports.
In August 2011, House Republicans refused to approve a debt limit hike until two days before the U.S. would have hit its limit.
Now that Boehner has declared a debt limit hike necessary, it is members of his own party who are scrambling to agree to a deal -- any deal -- so long as it doesn't raise taxes.
According to Politico, the House bill also would turn off the Treasury's ability to use extraordinary measures to stave off the next debt limit hike, a move that would make the Feb. 7 deadline a hard one.
Even though Reid and his fellow leaders rejected the idea -- objecting both to the short-term debt limit hike and to keeping deeper across-the-board spending cuts in place through March -- it got a new burst of support on Sunday.
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But the Administration is playing with fire here, as it has been ever since it brought up the idea of implementing a sequester in order to produce a deficit deal and debt-limit hike in the first place.
I had a list of activities to gently push my limits: hiking, climbing, fish-killing, flying, sailing.
Mr. Hoyer's frank acknowledgement that he had "demagogued" Bush-era debt-limit hikes, like the intense partisanship that has surrounded virtually every major Congressional matter this year from the stimulus plan to the health care overhaul, was illustrative of how the running battle for control of Congress is impeding cross-party cooperation.
The past offers a comfortable fiction that could limit rate hikes by writing the risk off the books.
If you have a heart condition or a breathing disorder, you'd be wise to limit your hikes to relatively low altitudes, say, below 5,000 feet, unless you can allow time to get acclimated to higher altitudes before you start hiking.
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