NITE OWL: Rorschach…? Rorschach, wait! Where are you going? This is too big to be hard-assed about! We have to compromise…
RORSCHACH: No. Not even in the face of armageddon. Never compromise.
I was going to write something up on the Boehner proposal for raising the debt ceiling (as embodied in the House Amendment to S. 627), because it’s the first actual legislative text that I’ve seen on this subject. (There are some specific provisions regarding student loans that I haven’t really seen discussed anywhere, for instance.) However:
Moments after the Congressional Budget Office released an analysis finding that the House Republicans’ debt limit bill falls far short of one their key goals, House Speaker John Boehner (R-OH) decided to rewrite the legislation, and according to GOP leadership, an expected Wednesday floor vote on the package will be delayed until Thursday at the earliest.
At this point it seems entirely possible that there are enough Republican hard-liners in the House to prevent any serious Republican-only proposal from passing that body, which will make the negotiations even more silly. It’ll be a bit harder for Boehner to take a hard line when he can’t get anything through his House. Of course, given that it’s looking like the bill will see large spending cuts and absolutely no tax increases in the name of deficit reduction (while unemployment remains high), I’d say the Republicans already won the policy battle. It’s just a question of how complete the victory will be.
One week to go. I’ll have a post on any bills that actually get written. We can only hope they look like this:
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That subsection (b) of section 3101 of title 31, United States Code, is amended by striking the dollar amount contained therein and inserting “$14,894,000,000,000″.