There is a lot "W"rong with the Republican resolve in regard to the debt ceiling. Rep. Joe Walsh is an example of the arrogance that is attempting to call themselves experts in regard to the crisis.
He stated today he knew what had to be done to maintain the nation's credit rating because he spoke to Standards and Poors himself. Does he actually think he was the one to approach the rating agencies? It was Moody's who threatened to downgrade the USA by today. I am more than confident Secretary Geithner speaks with the ratings agencies on a regular basis, so there is no reason to believe the President is not informed. Heck, Secretary Geithner attends conferences with people in the financial community, what makes anyone believe he does not have his pulse on this entire situation. Why do people see the President earnest to end this stalemate while protecting the vulnerable in this country?
The Republicans, especially the Freshman, are arrogant without any understanding of government, power and how to govern. They are unwilling to be lead.
If the country is allowed to be pushed over the edge there is a chance all the entitlements will go with it and that is exactly what the Republicans want. What else is there to say? About a week ago I stated the President should prepare for default. It will happen, unless Minority Leader Pelosi can pull enough Republicans on the side of what is best for the country and pass a bill that will pass the Senate and the President will sign.
It is astounding the Speaker of the House as abandoned all talks regarding this national emergency. It is irreverent to the people, the Constitution and the office of the President. This is nothing short of a bloodless coup then ever occurred in the USA.
The Republicans have no corner on authority. They are a danger to this country and this is still another example. I hope the Justice Department is keeping up with the degree the Republicans in the House are irreverent to the USA Constitution and their oath of office.
Updated 6:05 p.m. Eastern Time
...House Speaker John Boehner (click title to entry - thank you) has walked away from negotiations with President Obama over a deal to raise the debt limit.
"In the end, we couldn't connect. Not because of different personalities, but because of different visions for our country," Boehner said in a letter to colleagues. He said Mr. Obama " is emphatic that taxes have to be raised" and "adamant that we cannot make fundamental changes to our entitlement programs."
"For these reasons, I have decided to end discussions with the White House and begin conversations with the leaders of the Senate in an effort to find a path forward," he said....
