Sunday, July 24, 2011

Debt Ceiling DEAL by Monday ?

The Hill: Reports that Speaker of the US House of Representatives, Speaker Boehner is expected to have a plan to show to his Republican colleagues by Monday and a vote by Wednesday. The plan calls for cuts and a equal raise in the debt ceiling. As long as there is no tax hikes this is a good plan, force the Democratic controlled Senate and the Oval to veto plan, the Speaker should announced after the vote on Wednesday that the House is going in to recess, thus they are not passing anything else, in other words leave the Democrats with no choice, either pass the House bill or allow the US to go in to default. Its Chicago politics all the way folks.

No comments: