Monday, March 9, 2015

McConnell vows to raise debt limit without threat of shutdown or default


Story at Washington Times (political right news outlet).

Republicans will raise the government’s borrowing limit without threatening a default, Senate Majority Leader Mitch McConnell guaranteed Sunday, placating the markets but potentially surrendering the party’s leverage as Congress gears up for another debt showdown. 
 Mr. McConnell, Kentucky Republican, said on the CBS program “Face the Nation” on Sunday that Republicans may try to attach some of their priorities to the debate but won’t force another shutdown showdown as it has in the past. 
“I made it very clear after the November election that we’re certainly not going to shut down the government or default on the national debt. We will figure some way to handle that. And, hopefully, it might carry some other important legislation that we can agree on in connection with it,” he said.

I guess he thinks he has the GOP interloping usurping libertarian barbarian nut-job petulant crazies under control, not the least of which his fellow Senator from Kentucky...

I hope he is correct in his assertions here; if so then this is good news from the fiscal front.

Could be worse.


1 comment:

mike norman said...

Glad you posted this because I didn't get around to putting it up. McConnell seems to be suggesting that it will get raised with some (GOP) "legislative" desires. This will be fun.