Dick Morris Op-Ed: Checkmating Obama

The House Republicans can checkmate President Obama by passing two one-house bills in the coming week:

1) Allow a conditional increase in the debt limit of up to $200 billion for use only to avoid default. The money could be borrowed only if the Treasury secretary certifies that the funds will be used only for debt service and that there is no other source of funds available for the purpose. Take away the default argument from the president.

2) Prioritize the use of tax revenue in the event of no increase in borrowing authority so that military pay and Social Security checks would not be affected.

Obama’s entire political position on the debt limit is based on a giant bluff: that default looms and “I cannot guarantee that Social Security checks will go out” if the limit is not raised. It’s a bluff, and he knows it.



Sign up for our daily email and get the stories everyone is talking about.


Previous post

No More Naked Scans!

Next post

While Threatening to Go to 3 Days of Delivery a Week, Postal Union Up in Arms Over Pensions

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.