If you missed the president’s umpteenth speech last night, you didn’t miss anything.
It was the same old, same old, same old, same old, same old stalling, fear-mongering, and blame-shifting.
As for House GOP Speaker Boehner’s plan to increase the debt limit and create another in a long line of endless do-nothing commissions, Erik Erickson calls it “Punt, Kick, and Pass.”
The chairman of the conservative Republican Study Committee wasted little time announcing his opposition to the House GOP leadership’s two-step plan to raise the debt ceiling.
Rep. Jim Jordan (R-Ohio), who stood — visibly uncomfortable — next to House Speaker John Boehner (R-Ohio) during Monday’s announcement of the plan, released a statement saying he would vote “no” on the measure.
“While I thank the Speaker for fighting for Republican principles, I cannot support the plan that was presented to House Republicans this afternoon,” Jordan said.
Conservative lawmakers Reps. Jason Chaffetz (R-Utah) and Tim Huelskamp (R-Kan.) also came out against Boehner’s plan.
Jordan argued that his leadership team should stand behind a measure that the House approved on a party-line vote last week — the “cut, cap and balance” bill that failed in the Senate.
Boehner’s proposal features ten-year mandatory spending caps, consideration of a balanced budget amendment before the end of the year, and two stages of debt limit increases — the first reusing Senate GOP Leader Mitch McConnell’s reverse vote maneuvering and the second tied to future recommendations of the future, recycled entitlement/tax reform commission (UGH). In theory, the plan floats $3 trillion in cuts.
Here is Boehner’s full plan titled the “Budget Control Act of 2011” — released last night as an amendment to S627 to speed up consideration of the proposal:
Is Reduce, Reuse, Retreat the best we can do?
Paul Ryan announces his support for the Boehner plan at The Corner, while House GOP Whip Eric Canton tells House conservatives who oppose it to quit “whining.”
This is reminding me of the House conservative/House GOP establishment split on TARP all over again.
Reminder…Ryan was on the wrong side of that one…
Update: Boehner’s office sends word tonight that he will be reworking the Budget Control Act of 2011 after the CBO shed some negative light on the shortfall of those proposed budget controls…
Speaker John Boehner (R-Ohio) will rework his two-step plan to raise the debt ceiling after the Congressional Budget Office (CBO) found the bill would not cut as much spending as promised.
“We’re here to change Washington — no more smoke-and-mirrors, no more ‘phantom cuts.’ We promised that we will cut spending more than we increase the debt limit — with no tax hikes — and we will keep that promise,” Boehner spokesman Michael Steel said.
The CBO informed Boehner on Tuesday that his debt-ceiling fallback plan would reduce the deficit by about $850 billion over 10 years.
House GOP rank-and-file members had been waiting eagerly for the score, as they were worried the bill would not measure up to claims made by House leadership.
Leadership on Monday said the bill would reduce discretionary spending by $1.2 trillion over 10 years in return for a $900 billion increase in the debt limit.
Back to the drawing board. Here’s the link to the CBO analysis. House GOP leaders will postpone a vote until Thursday.
Whelp, at least the GOP leaders have an actual written plan to analyze.
White House spokesman Jay Carney scoffed at the idea that his boss should do anything so ridiculous as putting his non-existent debt solution down in writing.