Boehner May Have to Ask Pelosi for Votes to Fund Gov't - Obamacare = Boehnercare

Boehner May Have to Ask Pelosi for Votes to Fund Gov't

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by Tony Lee 17 Sep 2013, 7:30 PM PDT 19 post a comment
http://cdn.breitbart.com/mediaserver...0x100-tlee.png House Speaker John Boehner (R-OH) may have to turn to House Minority Leader Nancy Pelosi (D-CA) to get the votes for a short-term resolution to fund the government after October 1.

After House conservatives refused to support a continuing resolution they felt was a "gimmick" to make it look like they were taking steps to defund Obamacare, Politico noted that Boehner may now "have to call on Democrats to avoid a government shutdown." Congress has until September 30 to pass a continuing resolution.

But Pelosi and Democrats will seek compromises for their votes.
Democrats want to paint Republicans as "a party beholden to extremists," possibly attach the Senate's immigration bill to the short-term resolution to "counter the GOP effort to use the CR as a mechanism to force the Democratic-controlled Senate to vote on defunding Obamacare," or seek compromises on the sequester.

Though Politico notes that Boehner would not have to go to Pelosi "until he’s staring at the prospect of a shutdown," Boehner would "most likely have to abandon the conservative call to include a defund provision" if he does seek help from her. According to the publication, when Boehner, Pelosi, Senate Majority Leader Harry Reid (D-NV) and Senate Minority Leader Mitch McConnell (R-KY) met last week, "Democrats made clear that any bill with a defund provision would be dead on arrival, both in the Senate and at the White House."

Obama may also prefer to sign a continuing resolution to fund the government at current sequester levels to avoid the risk that would come with a potential showdown over the sequester.

http://www.breitbart.com/Big-Governm...-to-Fund-Gov-t

CBO Long-Term Budget Outlook: Bad, Really Bad

September 17, 2013 by Ben Bullard

The Congressional Budget Office (CBO) issued a majorly pessimistic revision to its long-term Federal budget outlook Wednesday, predicting that publicly-held Federal debt will rise to 100 percent of the National GDP within the next 30 years – instead of the already-alarming 73 percent of GDP it accounts for now.

Describing Congress’ annual capitulation to pressure to raise the Federal debt ceiling an “unsustainable” fiscal scheme, CBO director Douglas Elmendorf hinted that disaster lies ahead if the best that government can do is continue its tax-and-spend policy over the long term.

“The federal budget is on a course that cannot be sustained indefinitely,” Elmendorf said. “Because federal debt is already unusually high relative to GDP, further increases in debt could be especially harmful.”

The increasing ratio of debt service (that’s loan repayment for public debt) to GDP is on track to jump from 2 percent of GDP to 5 percent, meaning that the government will be spending more of tomorrow’s dollars to pay for tax-and-spend debt it’s incurring now. That, coupled with an enormous jump in Federal entitlement spending (an even 200 percent by 2038 ), threatens to commit the lion’s share of tomorrow’s economy to the economic equivalent of treading water.

The upshot is that the Federal debt is on track to reach – literally – 100 percent of GDP within the next 25 years.

“The policy responses to mitigate rising debt levels are all politically difficult,” writes Reason’s Peter Suderman. “Federal policymakers will have to cut spending, increase revenues, or some mix of the two. But it will be especially hard to raise revenues since they’re already on track to be higher as a percentage of GDP than is typical. Rapid changes might negatively shock the system. But letting debt continue to rise is dangerous too: ‘because federal debt is already unusually high relative to GDP,’ the report says, ‘further increases in debt could be especially harmful.’”

Congress is set to fight over another hike in the Federal debt ceiling next month, though an increase is all but inevitable if the government is to avoid defaulting, given its present rate of spending.

Read a pretty in-depth synopsis from the CBO here.

Access the full report here.

Filed Under: Liberty News, Staff Reports

http://personalliberty.com/2013/09/1...ad-really-bad/

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Makers of new educational ObamaCare board game claim, “Being taxed out of existence has never been so much fun!”

http://www.infowars.com/obamacare-th...or-youre-dead/

“Being taxed out of existence has never been so much fun!”

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Frustrated Dems Increasingly Defying Obama...

President pushes for MORE debt...

Seeks help from first-term A-Team...


http://drudgereport.com/