Brit Hume: It’s Not Necessarily A Catastrophe If The Debt Ceiling Isn’t Raised

This is from Special Report on Fox News yesterday. They were discussing the debt ceiling and how the Democrats’ position is that if it’s not raised the moon will crash into the earth (or something).

Hume says “not really.”

He’s correct, of course. The absolute first thing that needs to be done, and the GOP leaders in the House need to do, is to pass a version of the Full Faith and Credit Act – the bill that Sens. David Vitter (R-LA) and Pat Toomey (R-PA) co-sponsored in the Senate that would direct Treasury Secretary Tim Geithner to shut his pie-hole about default and cut checks for debt service first. The bill has been co-sponsored in the House by Reps. Tom McClintock (R-CA) and Mitch Mulvaney (R-SC), and McClintock told Business Insider yesterday that he’s going to be trying to move it out of committee next week.

One would imagine it will pass in the House, but once it gets to the Senate we understand the Democrat majority is going to keep it from a floor vote as best they can. Because it’s so much better to scream bloody murder about how the debt ceiling has to go up on a clean vote with no strings attached, because it not we’re all going to the seventh level of hell.

But there will be no clean bill for the debt ceiling. The votes aren’t there. The president and Senate majority schlub Harry Reid are going to have to give up something. And that means a brand-new budget brawl.

Frankly, the last one was a Korea for the Republicans. They need a World War II-style victory. Which is attainable, but to do so you’ve got to prepare the battlefield. Vitter/Toomey/McClintock/Mulvaney have supplied a really nice daisy-cutter to do just that.

It would be nice if John Boehner would drop his John McCain-style “I hate big business, too!” babbling about taxing the oil companies and get to work passing the Full Faith and Credit Act to get some leverage on the debt-ceiling battle. If he doesn’t, he’s got a good chance of getting Korea’d again.



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