Why Republicans will vote to raise the debt ceiling
President Obama is demanding a "clean" vote to raise the debt ceiling. Surprisingly, he'll probably get it
By this point, the script for Washington's upcoming budget battle seems preordained: President Obama requests that the federal debt limit be raised by Congress, with no legislation tacked on, and House Republicans say no, leading to a standoff that freaks out global markets and is only resolved by an 11th hour deal that makes everybody angry. But this time may be different. "We're discussing the possible virtue of a short-term debt limit extension," with no add-ons, says Rep. Paul Ryan (R-Wis.), the influential House Budget Committee chairman, from the House GOP retreat in Virginia. That gives the GOP "a better chance of getting the Senate and the White House involved in discussions in March," when automatic spending cuts — the "sequester" postponed in the fiscal cliff deal — take effect.
"Though a short-term extension might be seen as a momentary surrender, it could tie the debt topic into discussions about across-the-board military and domestic spending cuts set to hit March 1," explains Ashely Parker in The New York Times. The stopgap measure financing the government expires in March, too, and "Republicans say the timing could give them more room to fight for cuts." Of course, GOP leaders are also worried about the politics of blocking an increase in the debt ceiling, so they are, as Ryan says, urging their caucus to "recognize the realities of the divided government that we have."
I'm coming around to the view of the "party establishment" that "if you try to govern from one house — e.g., force spending cuts with cliffhanging brinkmanship — you lose," says Charles Krauthammer in The Washington Post.
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In other words, business as usual, says Julie Borowski at FreedomWorks. Instead of lurching "from one manufactured crisis to the next," Congress needs to get serious about our fiscal mess. "Maybe, just maybe, if Washington actually gets serious about cutting spending then we wouldn't have to go through the same tired debt ceiling drama nearly every single year." Until Washington stops its "drunken spending spree," I say "NO to a clean debt ceiling hike." Yeah, unless this talk of a short-term debt limit hike "is a simple ploy to buy time, because the caucus is so divided over what to demand as a price of raising the ceiling, I don't see the point," says Allahpundit at Hot Air. House Republicans don't have to wait until March to deal with the spending cuts and budget, after all, so "if they're asking for extra time, it's only because they're not ready to formulate their 'ask.'"
Republicans should pass and argue for a debt-limit increase that cuts spending, and then when Obama rejects it, they should offer him a choice, says Keith Hennessey in The Wall Street Journal.
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Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
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