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RUSH: So there is no debt deal on the table. The Dingy Harry debt deal has been rejected. McConnell\u2019s deal is, as best we can tell, done. There is no deal. So Reid\u2019s deal gone. It\u2019s being portrayed by Drudge as Reid caved. The thing that\u2019s soon coming to be on the table is the Boehner deal, and now just to review the Boehner deal: $1.1 or $1.2 trillion in cuts in exchange for raising the debt ceiling a trillion dollars. Raising the debt ceiling a trillion dollars will take us through next April, which happens to be tax-filing time, which would mean… Well, that\u2019s something Obama does not want, and he said, “I\u2019ll veto anything 30, 60, 90 days. I\u2019m not going there.”<\/p>\n
Then he changed his mind on that late last week. I think late last week he would have signed pretty much anything sent up there, especially after watching the Friday night press conference that he gave. Do you realize how unprecedented all that was? They couldn\u2019t even find members of the B Team in the White House press corps Friday at 6:30. The A Team was long gone to Cape Cod, Nantucket, or what have you. The B Team was sitting at home wishing that they had the money to get to Cape Cod and Nantucket. The C Team is who they had to call in there, and it was not a full White House pressroom. Ah, there were some A Team people there, but for the most part everybody had gone. Friday is Document Dump Day.<\/p>\n
Obama, if this thing survives, is this is what will be set up for him to sign. No guarantee on that yet. But that\u2019s the only thing that\u2019s on the table right now. Cut, Cap, and Balance… Oh, there is a push in the Boehner plan also for the Balanced Budget Amendment. Not immediately, but down the road. Cut, Cap, and Balance appears to be gone. McConnell\u2019s deal\u2019s gone. Dingy Harry\u2019s $2.5 trillion tax increase, that\u2019s gone — and the President is doing nothing. The President is the odd man out. The President is waiting for all this to come up. So that\u2019s where we are and it\u2019s what we\u2019re looking at, and there are all kinds of stories today. You know, it\u2019s kind of gratifying because there are stories today, “You know, we don\u2019t need to raise the debt limit.”<\/p>\n
People are just beginning to realize this. You, of course, as regular listeners of this program have known this for months: We don\u2019t need to raise the debt limit. In fact, if you\u2019re really worried about the foreign markets (which, by the way, did not plummet), and if you are really worried about the our full faith and credit rating, and if you are really worried about all this, all we need to do is lower debt ceiling. If we actually lowered the debt ceiling? Whew! Folks, I shudder to think the impact that would have on markets. You want to talk about a boom? You would see a boom unlike you\u2019ve seen in a long time, if there were legislation proposed to cut the debt ceiling, to reduce it. It\u2019s a golden opportunity out there.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: So there is no debt deal on the table. The Dingy Harry debt deal has been rejected. McConnell\u2019s deal is, as best we can tell, done. There is no deal. So Reid\u2019s deal gone. It\u2019s being portrayed by Drudge as Reid caved. The thing that\u2019s soon coming to be on the table is the […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n