John Boehner has unveiled the GOP's list of demands in return for raising the debt ceiling for one year, and it's a doozy.
It's a laundry list of everything Republicans want: the Keystone Pipeline, Ryan budget tax reform, perks for Wall Street banks by defanging the Consumer Financial Protection Bureau, $120 million funding cuts from Obamacare, more means testing for Medicare, a block on new environmental regulations, increased offshore drilling, and of course, delaying Obamacare a year.
And they want it agreed to by October 17, the date by which the US debt ceiling is reached. If we pass that date the US credit rating will be downgraded, torpedoing the economy.
Left-leaning pundits are flabbergasted.
"John Boehner isn't even trying to pretend his House of Representatives is a sane place anymore," argues WaPo's Ezra Klein. "The House GOP's debt limit bill...isn't a serious governing document. It's not even a plausible opening bid. It's a cry for help."
"This is not a standard Washington negotiation, in which each side is demanding concessions from the other," writes WaPo's Greg Sargent. "Democrats are not asking Republicans to make any concessions. They are asking Republicans to join them in not destroying the U.S. economy. House Republican leaders - who have themselves conceded not raising the debt limit would jeopardize the full faith and credit of the U.S. government - are asking Democrats to make a series of concessions in exchange for not unleashing widespread economic havoc that will hurt all of us.""Give us everything we want or else we'll destroy the country! is the sort of demand that only a broken party inside a broken system could possibly hope to make," concludes Derek Thompson at The Atlantic.
Via the National Review.