Cutting Costs Cutting CostsCutting Costs
Inside the effort to improve the efficiency of federal operations.

Is the Debt Limit Fight Over Already?

ARCHIVES

There are several signs House Republicans will agree to raise the debt ceiling without demanding huge concessions in spending cuts. "Several different people have emailed to say the House GOP in Williamsburg has agreed to raise the debt ceiling with no fight," RedState's Erick Erickson tweeted. (The House GOP is on its annual retreat in Williamsburg, Virginia; Erickson sometimes gets tipoffs on big conservative news, like Jim DeMint quitting the Senate to run the Heritage Foundation.) In  The Wall Street Journal Thursday, former GOP budget aide Keith Hennessey suggested Republicans agree to raise the debt limit a large amount -- enough to last five years or so -- only if President Obama agrees to spending cuts. Otherwise they should raise it only enough to last a few months. Rep. Paul Ryan echoed that Thursday, telling reporters, "We’re discussing the possible virtue of a short-term debt limit extension so that we have a better chance of getting the Senate and the White House involved in discussions in March." And the Tea Party Express conceded that the debt limit would have to be raised soon to avoid default, The Washington Post's Greg Sargent points out, even if the group thinks the limit can be lowered sometime in the future.

Raising the debt ceiling only a little bit would mean we'd have to go through this whole thing again in a couple months. The Daily Beast's David Frum doesn't see the benefit for Republicans: "I'd have thought that a Republican House member would prefer to cast this unpleasant vote just once, rather than over and over again." New York's Jonathan Chait agrees. But perhaps it's a small step toward accepting certain realities, like that default would be bad for the economy. Ryan told reporters he and Rep. David Camp had spent time explaining how the debt ceiling works to new representatives; only a few days ago, Politicoreported House leaders thought the White House "doesn't understand how hard it will be to talk restive conservatives off the fiscal ledge." And here's another reality Ryan has embraced: "We also have to recognize the realities of the divided government that we have."

Update: Louisiana Rep. John Fleming floats letting the debt limit being increased with Democratic votes in the House. In an interview with Talking Points Memo's Brian Beutler, Fleming says, "We could pass it [a debt limit bill] from the House to the Senate with what we want, and then the Senate could always revise and send it back and who knows, maybe there’d be enough Democrat votes to get it passed."

FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

When you download a report, your information may be shared with the underwriters of that document.