James Pethokoukis

Politics and policy from inside Washington

Is Boehner’s job at stake?

Jul 27, 2011 19:42 UTC

John Boehner is fighting hard to right Washington’ s finances. But is he also, in effect, fighting to keep his job?

To achieve either, the speaker  of the U.S. House of Representatives has to make the budget math work. His first bid to boost government borrowing authority and cut debt was flawed in this regard. With his debt plan already under fire from the right, a low-ball CBO score was the last thing he needed.

But the Boehner Plan still looks like the likeliest path through the debt ceiling crisis. And it is a more fiscally responsible option than the Reid Plan.

Failure would show a party divided and perhaps give Tea Party Republicans reason to oust him during the next Congress. Of course, some members of his party have doubted Boehner since they recaptured the lower chamber of Congress last November. The former boss of a small business in Ohio is too much of a deal maker, these conservatives contend, not enough of a true believer.

Skepticism among the faithful increased as Boehner took the lead in negotiating with President Barack Obama. From their perspective, Boehner has come perilously close to conceding a calamitous “grand bargain” that would crack the Tea Party wing’s anti-tax platform. (But I think he’s been acting like Reagan at Reykjavik in 1986.) And his current two-step plan to raise the debt limit is far too timid for many in his caucus. Those folks still want a Cap, Cut and Balance plan, which is the best plan out there.

And it didn’t help matters when Boehner’s $1.2 trillion spending reduction turned out to save only $850 billion over ten years, according to the Congressional Budget Office. Just as damaging, the proposal is backloaded, cutting a mere $1 billion in 2012. Now Boehner has to quickly tweak the plan and hope he can lock down the 217 votes needed for passage. For the moment at least, his bill still looks to be the vehicle most able to pass the House for an eventual compromise with Senate Democrats and Obama.

Bottom line: if Boehner’s bill dies in the House, all bets are off. There’s no obvious plan B. Investors better hope Wall Street number crunchers are correct that the U.S. Treasury might have an extra week or so beyond Aug. 2 before a cash-flow crunch. (Team Geithner has pushed back against this notion.)

Speculation from one long-term Capitol Hill watcher: Boehner may then decide to jettison the tea party rump and cut a deal with Democrats and more moderate Republicans. Now I doubt such a scenario. But if that happens, he will have to start looking over shoulder at a rival more in sync with a caucus shiftingto the right. (Indeed, a new poll of tea party activists found expressed a desire for a new House speaker.)

Republicans think the current fiscal conflict may pale next to a coming war over taxes and spending after the 2012 presidential election. But will Boehner still be one of the generals? It may depend on the fate of the Boehner Plan.

 

COMMENT

Oboma has NOT brought CHANGE, In fact ~~ THE ONLY real THING needing CHANGE !

Was Barack Hussein Obama II.

Barack Hussein Obama II ( Who hates American Values )

Who who is A ” SELF PROCLAIMED Enemy ” ~ of responsible, Morally Conscious HARD WORKING Americans.

oBOMAS supporters KNOW~ that Barack Hussein Obama II, WILL FORCE YOU to paY THEM, out of your PockeT ….

This UN~CHANGABLE fraud, has done His VERY BEST to Inspire VIOLENCE.

THESE ARE OBAMAS OWN WORDS.. saying “Bring it on” To his supporters.

Oboma ~ Demands Saying “Get ready for hand-to-hand combat with your fellow Americans”

– Obama has ALSO DECLARED to his Supporters

“I want all Americans to get in each others faces!–

Obama demands !

“You bring a knife to a fight pal, we’ll bring a gun” – Obama Cant wait to get everybody involved in some kind OF CONFRONTATION of some sort….

THESE ARE OBAMAS OWN WORDS..

Obama has ALSO DECLARED “Republicans are our enemies”-

** Obama on ACORN Mobs: “I don’t want to quell anger. I think people are right to be angry! I’m angry!”

ANGER VIOLENCE and more taxes….. THIS IS OBAMAS Change for america

/“Hit Back Twice As Hard”. He commands !

THESE ARE OBAMAS Very OWN WORDS..

*Obama on the private sector: ~~ “We talk to these folks…~ / so I know whose ass to KICK.“
OBOMA wants to KICK your ass /

Shouting THAT Republican victory would mean ~ “hand to hand combat”

HE IS EXPECTING people to kill & BE VIOLENT / for their immoral CAUSES

THIS IS WHAT HE LIVES FOR
THESE ARE OBAMAS OWN WORDS..
* Obama Tells democrats: “ I’m itching for a fight.” !

PLEASE go to reXes NEW WebsiTe ~ ! Oboma *( Just like Adolf Hitler~~ In that oBOMA~~~ Demands ! — [ THE FINAL SOLUTION – ~ For Un~Wanted Children

Barak Obama A MURDERER .~Torturing UNWANTED babys on DEATH ROE

http://obomanationinfanticide.sharepoint .com/Pages/default.aspx

OBAMA supports TAKING a little NEW BORN innocent child.. / BORN. ALIVE ~

sTabing it iN the head & SUCKs ITS BRAINS OUT.

He also demands, that a Child SURVIVING a FAILED ABORTION, Has no RIGHT to Life or medical care.

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Boehner really isn’t asking for that much to raise debt ceiling

May 10, 2011 18:19 UTC

On  its face, House Speaker John Boehner’s demand for perhaps more than $2 trillion in spending cuts may look like a dangerous escalation in the political battle over raising the federal debt ceiling by a similar amount. But the reductions would be over 10 years, they’d be in line with several budget proposals, and they would represent only a modest down payment on austerity.

A group of Wall Street executives and other business leaders  listening to Boehner on Monday evening in Manhattan seemed unenthusiastic. They would almost certainly prefer to disentangle the issue of expanding the federal borrowing authority — and thus avoid even the whiff of possible default — from how best to deal with America’s long-term deficit and debt problems. After all, both parties have agreed on a budget that requires more borrowing next year. That is the White House position, too. “To hold one hostage to the other remains extremely unwise,” spokesman Jay Carney told reporters today on Air Force One as Obama flew to Texas.

But, thankfully, politics keeps pushing the two issues together. The powerful Tea Party wing of the GOP wants party leaders to get something substantial in return for enabling more Treasury borrowing. That might include some or all of congressional approval of a balanced budget requirement, a legislative cap on future federal spending, and deep budget cuts. Boehner’s speech certainly gave the impression he’s on the same page. “The cuts should be greater than the accompanying increase in debt authority the president is given,” he said.

Treasury Secretary Timothy Geithner may want as much as $2 trillion in new borrowing capacity through 2012. It’s not a small number, but matching that with cuts over 10 years is manageable. President Barack Obama’s debt commission called for $2.2 trillion over a decade, while his own recent budget proposal contemplates reductions almost as large. And if defense cuts are in the mix, as Boehner implied, it all could be done without touching Medicare and Social Security outlays.

Of course Democrats want to see increases in tax revenue as well as spending cuts. The elements of the Republicans’ three-part package, meanwhile, would force greater fiscal discipline on this and future administrations. Failure to do a deal could lead to a series of repetitive fights over temporary, even monthly, debt limit increases up until the 2012 elections. That won’t suit Wall Streeters, so they should hope Boehner’s equation can accommodate a compromise.

 

COMMENT

Just remember that this is the same Republican Party that wants to gut medicare and honestly believes that private companies will rein in healthcare costs. These are the people that brought us the Iraq war. Do we really want them back in the driver’s seat? Maybe we do. Maybe we haven’t had enough economic distress, social stagnation and loss of American lives in stupid wars to feel the great sense of satisfaction that they obviously feel for themselves. Oh yes, give it to us, GOP, give us your brilliant ideas and your wonderful future of bread lines and sixth-grade education for all!

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