This is unreal – John Boehner proposes monthly debt ceiling fights! Let’s have the summer of ’11 every month!
Greg Sargent notes that House Speaker John Boehner essentially admitted that the GOP’s threat not to raise the nation’s debt ceiling in budget negotiations with President Obama is an empty one.
“Boehner does this by threatening to only agree to ‘monthly’ debt ceiling hikes. But this should be read, if anything, as a sign of weakness. It’s essentially a concession that the debt limit has to be raised; Boehner is merely threatening to drag his feet as he allows the inevitable to happen. But it’s just nonsense. The business community is not going to go for such a course of action, to put it mildly. And it risks dragging the country through monthly threats of default, a terrible thing to inflict on the American people.”