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Will Boehner Capitulate on the Debt Ceiling?

Written by Gary North on September 9, 2013

He has said that there will be no increase in the debt ceiling if there are no spending cuts. There will be no increase in taxes without spending cuts.

Obama says he will not accept spending cuts.

This is the showdown at the Not OK Corral.

Who will blink? Who will back down?

If neither of them backs down, then the question moves to the Republican members of the House. Will they line up with Boehner? Will they vote not to raise the debt ceiling?

The officially reported debt has flat-lined ever since mid-May. The Treasury Department is playing actuarial games. But the Secretary of the Treasury says that in mid-October, the games must stop. The debt ceiling will be reached.

Will the government shut down? No. Whose budgets will be cut by forced reductions in spending? We will see.

The stock market gives no hint of investors’ fears of a shutdown.

So, the verbal shoot-out will be fun to watch. President Sequester will do battle with Congressman TARP.

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9 thoughts on “Will Boehner Capitulate on the Debt Ceiling?

  1. I don't trust Boehner not to cave to Obama's demands. The House republicans can stand together and defund Obamacare. America is behind them and I also believe lots of democraps will be forced to support the defunding Obamacare. The pressure is utilizing from their constituents!!!

  2. "Will Boehner Capitulate on the Debt Ceiling?" In a word, yes. He's a lightweight with no spine. He'll roll over in a second.

  3. Jesse Tomblin says:

    It does not matter who does what Americans will loose. Boehner has proven to be nothing but a SPINELESS MORON and WORTHLESS to all. Obama will either get what he wants or Obama will as he has already done go around Congress somehow. So Boehner can either do right and Say NO to Obama and take him DOWN if he tries to go around Congress or he can do as he did on the Syria attack which was give in like a SPINELESS IDIOT in other words just like Obama.

  4. Boehner is weak and feckless. His moral compass burned out it's bearings years ago. As log as the Republican party continues to put their most vapid members in positions of power because "it's their turn" the will lose. Deservedly. In politics, you can't make nice and walk a middle line. See my blog at http://cranky-conservative.blogspot.com

  5. Seymour Kleerly says:

    They tried that approach with Newt in the 90's. No compromise!!

  6. Texas Chris says:

    Obama has been wrong on every major issue for 5 years, but he is a supremely confident narcissist. Boehner has gone along with Obama for the last 3 years, and is a spineless establishment puppet.

    Now, who is going to cave?

  7. Texas Chris says:

    And it worked. The hype that the Republicans "got blamed" is all lies and revisionism.

  8. Doug Rodrigues says:

    Boehner always gives up. He'll talk a good argument, but in the end he'll "compromise." "Compromise" is Boehner's word for "I'll go along with Obama but make it look like I fought the good fight.."

  9. Of course Obama will not capitulate. It has been his goal to bankrupt the country ever since taking office, and destroy the dollar so that no one will buy government bonds. This will ultimately result in Marshall law with the internment camps which have been built to be populated by Obama's opposition. The push to take away everyone's guns is just a part of the overthrow of the government with Obama becoming the supreme dictator by default.

    Now is the time for our representatives to take strong cuts in the spending to show the world we are serious about our financial security, and eliminate Obama, one way or another, the leader destroying the country Where is the FBI? They have families, too. Where is the military who also signed on to protect the country from enemies, including those within our country? OUR COUNTRY'S BIGGEST ENEMY IS BARACK OBAMA,,,, or whatever his name is..