Obama to GOP: Don't steal Christmas

[jefferson_dem]

Obama to GOP: Don't steal Christmas
By David Jackson, USA TODAY



The Obama White House casts House Speaker John Boehner's proposed debt ceiling plan as a Grinch that could steal Christmas.

Spokesman Jay Carney and other aides said Boehner's short-term extension of the $14.3 trillion debt ceiling sets up a replay of the ongoing political fight in December, the middle of the holiday shopping season.

The Boehner plan would require "all of us to go through this again before the end of the year, in the most important economic season in the country," Carney said. "At a time when people don't want to worry about whether or not their interest rates are going to go up, their mortgage payments and their car payments and their student loan bills, and their credit card payments, especially as they're buying gifts for the holidays."

The White House time line is subject to dispute.

The Boehner plans says its proposed debt limit extension of $900 billion -- the first of a two-part plan -- would cover U.S. obligations until at least the end of January, well past the holiday season.

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http://content.usatoday.com/communities/theoval/post/2011/07/obama-aides-boehner-bill-threatens-christmas/1?csp=34

[Vincardog]

1. The President should be demanding a clean UP or Down vote on the debt increase

Then play every clip you can find of the RW singing that same President Deserves an up or down vote from the last pResident

[seafan]

2. Yes, this is Plan A, a clean up-or-down vote on the debt ceiling.

Plan B utilizes the 14th Amendment.


I don't see any other ways to deal with these right wing hostage takers without riots ensuing.


The next 18 months are going to be rougher than we've ever seen.

[Igel]

3. I don't get it.

The US government defaults or has quibbles that could lead to a default.

The response would be, apparently, for banks and lenders to ignore contracts and unilaterally raise not only personal credit card rates, but also the interest rate on mortgages and student loans?

How would that work?

I can't even predict if new issues would necessarily have higher interest rates.