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Old 07-27-2011, 04:55 PM   #4
strongjannabiz

Join Date
Oct 2005
Posts
465
Senior Member
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What this means is that if congress does not authorize the rise of the debt ceiling by Aug 2, we'll stop cutting checks to pensioners and and govt workers before defaulting on our debt.

I wonder what the political implications are? That could really hurt the GOP if Obama and the Dems can successfully make the Republicans look at fault.
The polling is already showing that. There's a 22% spread (43 v. 21) in who people approve of in their handling of the debt crisis-Obama v. GOP.

Poll: 71% shun GOP handling of debt crisis - Political Hotsheet - CBS News

This is what a Tea Party controlled House looks like. Boehner cannot even pass his own bill-and is "rewriting" it-and it's dead on arrival anyway since it won't pass the Senate and Obama won't sign it.
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