county news online
Politico...
Debt ceiling talks see Senate, House GOP go separate ways
By Jonathan Allen & Manu Raju
7/20/11

Senate Republicans are starting to send a message to their increasingly isolated House counterparts: It’s time to abandon the hard line or face a public backlash.

Whether it’s the top two Senate leaders’ plan to avert a debt crisis or the recently resurrected Gang of Six framework, most senators have shown interest in the kind of bipartisan compromise that provides political cover to all involved. But House Republicans leaped further to the right this week, endorsing a Cut, Cap and Balance bill that attracted just five Democratic votes. Some are clamoring for a vote on a balanced-budget amendment that’s a nonstarter in the Democratic-controlled Senate — and could prove an embarrassing failure on the House floor.

House Republican insiders acknowledge that passage of a bipartisan Senate plan would put enormous pressure on them to follow suit or get blamed for any ensuing economic calamity. But most House Republicans aren’t ready to move off their mark, forcing House GOP leaders to begin to seriously contemplate a short-term solution to the impending default on the nation’s debt.

“I understand what they’re trying to do. I believe that they’re convinced that they’re carrying out the mandate [of the 2010 election],” said Sen. John McCain (R-Ariz.). “The polling data indicates Americans don’t want the government shut down. … I hope [House Republicans] would be instructed by what happened in 1995.”

The subtle warning from McCain — a reference to then-Speaker Newt Gingrich’s fateful showdown with President Bill Clinton 16 years ago — speaks to the larger political and policy calculation that’s pitting establishment lawmakers in the Senate against conservative newcomers in the House. Most senators are anxious to see the debt limit increased before Aug. 2 to avert an economic catastrophe — and, short of that, they would at least like to avoid the brunt of the blame if the nation defaults on its obligations and a financial calamity is triggered. But many House conservatives aren’t making a similar calculation, rejecting the warnings of powerful institutions from the Treasury to the White House in a similar show of defiance that carried them to Washington.

The best place to stand to dodge partisan recrimination is on ground also occupied by the other side.

Read the rest of the story at Politico


 
site search by freefind
click here to sign up for daily news updates
senior scribes

County News Online

is a Fundraiser for the Senior Scribes Scholarship Committee. All net profits go into a fund for Darke County Senior Scholarships
contact
Copyright © 2011 and design by cigs.kometweb.com