U.S. Speaker John Boehner (RINO-Ohio) will permit the House of Representatives to pass a “compromise” debt deal with Democratic votes leading the way – his latest (and perhaps greatest) cave to U.S. President Barack Obama and the Democratic-controlled U.S. Senate.
The deal being negotiated in the Senate will reportedly fund the federal government (including all Obamacare-related functions) through mid-January and raise the federal debt limit enough to cover four additional months of unsustainable borrowing.
No spending concessions will be made in connection with this “compromise” – which carries an uncertain price tag.
Game. Set. Match.
What happens in four months? We get to go through this same charade again – with Obama and the liberal mainstream media bashing “irresponsible” fiscal conservatives as courting Armageddon by having the audacity to suggest that the federal government stop spending trillions of dollars it doesn’t have on a “recovery” that clearly wasn’t working.
For those of you keeping score at home the last debt deal – reached in August 2011 – resulted in $2.4 trillion in borrowed money being blown by the federal government in just seventeen months. Republicans and Democrats in Washington, D.C. were supposed to cut $2.1 trillion over a ten-year period as a way of countering this massive binge – but so far they have trimmed only $42 billion.
Democrats and fiscally liberal Republicans reneged on broader cuts when they passed the so-called “fiscal cliff” deal on January 1 – an agreement which included $620 billion in tax hikes.