GOP to Call Obama's Bluff on Debt Limit

Monday, 08 Jul 2013 11:30 AM

By Audrey Hudson

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
House Republicans plan to call President Barack Obama's bluff not to negotiate a debt-ceiling increase. They will demand a number of spending cuts originally crafted by Rep. Paul Ryan in this year's budget proposal.

According to the National Journal, these mandatory spending cuts — in exchange for allowing the federal government to borrow more — are likely to include the Wisconsin Republican's plan to trim Obamacare and the ballooning food-stamp program and end certain agriculture subsidies.

The GOP plans to tie the size of the cuts to which Obama agrees to the length of time Republicans agree to raise the debt ceiling. For a long-term deal through the rest of Obama's term, Republicans would expect a significant concession from the president, such as the privatization of Medicare.

"If the president wants to go big, there's a big idea," said Rep. Steve Scalise, chairman of the Republican Study Committee.

The showdown over the nation's more than $16 billion debt is not expected until this fall. But the president already is warning that he will not negotiate with Republicans and that he will insist on more government spending without cuts attached, the National Journal reported.

"Past experience being what it is, we're preparing for a president that does not want a big deal," Georgia Republican Rep. Rob Woodall told the Journal. "Maybe he wants a medium-sized deal; there are some options there. Maybe he wants a really small deal — he just wants to push the ceiling back until the end of the year.

"Whatever the issue," Woodall said, "we're not talking at all about how to obstruct those negotiations. We're talking about how to be a part of those negotiations."


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Gov. Perry: 'I Have Sympathy' for Illegal Workers Here to Feed Families

Wednesday, 23 Apr 2014 19:04 PM

Texas Gov. Rick Perry has something in common with former Florida Gov. Jeb Bush: They both agree that illegal immigrants . . .

Contractor Jailed in Cuba Threatens Terminal Hunger Strike

Wednesday, 23 Apr 2014 18:17 PM

The lawyer for jailed U.S. contractor Alan Gross told the press in Havana on Wednesday that his client planned to return . . .

Sen. Johnson: Lawsuit Support Good Sign for Obamacare Repeal

Wednesday, 23 Apr 2014 17:07 PM

Sen. Ron Johnson of Wisconsin says his lawsuit targeting the Affordable Care Act has garnered the support of 38 Republic . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved