It seems Mitchy is a wittle upset and doesn't have the stomach for the debt ceiling fight. However what doesn't make sense is, why now? Why is Mitch throwing in the towel?
Steve Benen has the beat:
The one question I can’t find a solid answer to is what, if anything, would be cut and by how much. The Hill reported the administration would be required to “suggest spending cuts” to accompany three separate requests to raise the debt ceiling, “but would not require such cuts.” Obama could not, under this scenario, recommend new revenue.
If that’s right, then McConnell seems to be blinking awfully hard.
In other words, in this little scenario, President Obama would have to offer proposals for spending cuts, with no corresponding measures to raise revenue. But it also appears that these proposed cuts from the White House need not even be serious — Obama could present plans he doesn’t take especially seriously, with the full expectation that Congress could and probably would reject them.
It would make the process needlessly ugly and stupid, but McConnell’s plan would seem to allow for a debt-ceiling increase with no guarantee of any spending cuts at all. Republicans would get a bunch of chances to grandstand, and rant and rave about Democrats, while putting all of the onus on the White House, but that’s not much. Republicans were going to grandstand, rant, rave, and point fingers anyway.
This does seem odd because well..."rant, rave and point fingers" is what Republicans do. So is there something I'm missing? Did Mitchy realize the House GOP didn't have the votes? Or did his Randian overlords aka Wall St. finally tell him enough? Regardless, this is a rather big development in the debt ceiling debate. Perhaps, he didn't like Obama punching back...
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