The House passed HR 807, which not only explicitly requires the payment of the national debt in the case of an impasse over the debt limit, but even allows the President to exceed the debt limit itself in order to protect the nations credit.After a relatively calm conference meeting this morning, Speaker John Boehner is moving forward with his new fiscal strategy, which slightly revises the bipartisan framework being discussed in the Senate. But hes treading carefully. According to his allies, hes still hoping to bring the Houses plan to the floor tonight, and he thinks it can pass, as long as a few elements of the proposal are tinkered with. The 218 votes he needs, though, arent there yet, and he and his team are spending the afternoon informally whipping skeptical Republicans.
One major development this afternoon: The delay of the medical-device tax, which was part of Boehners proposal earlier today, is now out of the framework, according to sources close to the internal House GOP deliberations. Conservatives complained today that delaying the tax would be crony capitalism and they cant sell it to the Republican base as a viable Republican win.
....Meanwhile, Senate Republicans have slowed down their talks with Democrats as they wait to see if Boehner can pass his plan. Privately, theyre worried that if Boehner struggles to find support for his amped-up version of the emerging Senate deal, itll give even more leverage to Senate majority leader Harry Reid.If the House cant get its act together, were going to get nothing, other than preserving sequestration, says a Senate GOP aide.Theyre playing games, and were over here, just trying to survive.
That measure languishes in the Senate under the threat of a Presidential veto.
The Democrats are holding the government, economy and country hostage demanding ransom be paid to their Machiavellian Marxist totalitarian ObamaKare welfare program.