Joe Biden, Mitch McConnell Look For Debt Crisis Resolution
The political odd couple pairings that we’ve seen throughout the debt negotiations continue, with the Vice-President and Senate Minority Leader now apparently working together behind the scenes:
Taking square aim at the White House, Republicans prepared to bring to a House vote Thursday a two-step $2.5 trillion debt ceiling bill that will avert default next week but threatens more conflict — and renewed instability — in six months.
Vice President Joe Biden and Senate Minority Leader Mitch McConnell remain in conversation over how to defuse the building confrontation before the threat of default next week. But with stocks falling again Wednesday, the fight between Speaker John Boehner and President Barack Obama has become so personal that each side says the other needs to find some way to save face before reaching a deal.
Who knows, after tomorrow when the Boehner Bill is dead in the Senate, it will be McConnell and Biden who will save us.
Yea I’m not too inspired with optimism either.
The Boehner plan doesn’t sound too bad. The amendment part would be rapidly voted down, and we’d move on to tax as a 2012 election debate.
That’s what the GOP has wanted all along, but I’m not sure it will be a winner for them. It certainly isn’t as simple an issue as it was for them a month ago.
More voters now understand the big numbers involved, and how hard it is to make a real [balanced] budget with record-low tax receipts.