Roll Call says it all comes down to this: “For House Republicans, the debt ceiling debate has come down to a simple question: Do they trust Speaker John Boehner?”
The fallback? “Senate Republicans on Monday dismissed a new budget proposal from Majority Leader Harry Reid (D-Nev.) that would exchange $2.7 trillion in spending cuts for an extension of the debt ceiling through 2013, but Democrats hope they can prove that their offering is the only viable option by week’s end,” Roll Call writes.
“House Speaker John Boehner often attacks the spendthrift ways of Washington,” Bloomberg writes. “ ‘In Washington, more spending and more debt is business as usual,’ the Republican leader from Ohio said in a televised address yesterday amid debate over the U.S. debt. ‘I’ve got news for Washington -- those days are over.’ Yet the speaker, House Majority Leader Eric Cantor, House Budget Chairman Paul Ryan and Senate Minority Leader Mitch McConnell all voted for major drivers of the nation’s debt during the past decade: Wars in Afghanistan and Iraq, the 2001 and 2003 Bush tax cuts and Medicare prescription drug benefits. They also voted for the Troubled Asset Relief Program, or TARP, that rescued financial institutions and the auto industry.”
“Since January, House Speaker John Boehner has raised $6.6 million for his campaign committee, six times more than the Ohio Republican received during the same period two years ago when he was the chamber’s minority leader,” Bloomberg writes. “Three of the five biggest sources of Boehner’s campaign cash this year are employees of three Wall Street investment houses, a shift from the 2010 election cycle, when such contributors were not ranked among his top 10 donors.”
And then there’s this… a government shutdown looms this fall, Roll Call notes. “All of Washington’s attention might be focused on the debt ceiling debate, but even if Congress averts a catastrophic default by Aug. 2, another partisan brawl over a government shutdown could be just around the corner. In fact, Members of Congress say they are already bracing for it.”
Why Washington is lame. Just don’t go there, dude… Per The Hill, Rep. Billy Long (R-Mo.) tweeted: “No one could reach #AmyWinehouse before it was too late. Can anyone reach Washington before it's too late? Both addicted - same fate???”