“There’s been some hard feelings here
About some words that were said …
Remember, one man’s ceiling is another man’s floor.”
Here we go again. Hold on to your wallets, taxpayers. It’s time for another debt ceiling “negotiation.”
We use the term “negotiation” loosely, as it’s now extinct in Washington.
On one side, we have House Republicans waging an unwinnable battle, saying they’ll agree to suspend the debt ceiling limit for a year in exchange for a one-year delay of the individual mandate for ObamaCare, tax reform, approval of the Keystone pipeline and other concessions. While such changes would potentially provide a huge benefit to the economy, they have zero chance of passing in the Senate, which is controlled by the Democratic majority.
On the other side, we have President Obama and Senate Democrats saying the Republicans are trying to shut down the federal government, because they are not willing to lift the debt ceiling without concessions from the President.
There will be no concessions by the Democrats. As President Obama put it, “I will not negotiate on anything when it comes to the full faith and credit of the United States of America.”