Apparently the DSCC is as clueless about the concept of bluffing as the president is. Hilarious:
Don’t call my bluff.
These were the strong words President Obama had for Eric Cantor, leader of the Congressional “Hell No” Caucus. These Republicans are so bent on destroying the president, they’re willing to create an economic meltdown to try to tie it on the Democrats.
The president and Democrats are holding strong against this obstinacy, but in no time, the GOP will go on the attack. If a debt ceiling deal is not reached, they will spend millions blaming Democrats. And we will need to fight back against every single lie.
And note the usual leftist projection about the “lies.”
[Update a couple minutes later]
Debt crisis today, or debt crisis tomorrow? Why just raising the debt ceiling doesn’t solve the problem.
I wish just ONE Republican could get on MSM talking head TV and say that the Democrats have NOT made a new budget in over 2 years. And during most of the time they BOTH houses of Congress and the WH under their control.
I’m so sick of Reid, and Obama as they keep keep saying we have no budget BECAUSE of Republicans, I don’t know what to do. I’m about to follow Howard Beale’s edict to go to the window…
Or, I might just join Operation Pea Party. I think a couple hundred thousand cans of peas in the WH mail would be great.
Quite contrary to all the hysteria coming out of the Beltway press, failure to raise the debt ceiling wont’ require anything remotely resembling a “default” and it won’t even raise the interest rates the feds must pay. Quite the opposite. In the last week, as the probability of raising the debt ceiling has gone down (there are actually markets that track these odds, e.g. InTrade, where the probability of raising the debt ceiling has gone from near 100% to under 50% in the last week), the interest rate the federal government must pay on their bonds has also gone down. For example the 10-year Treasury has gone from 3.20% to 2.95%. Meaning, the threatened failure to raise the federal debt ceiling, which would effectively enforce a balanced budget, is _increasing_ the federal government’s creditworthiness, quite in contrast from the hysterical scare-mongering coming from the friends of the Beltway crowd who will soon be getting their pink slips if the debt ceiling isn’t raised.