01.22.2013 0

Suspension of debt ceiling would be step towards ‘total capitulation’

By Bill Wilson — When will the liberal tail stop wagging the Republican dog? This is an absurd, unserious proposal by the House Ways and Means Committee, especially when other Republicans have been coming up with serious proposals to address our fiscal problems.

On one hand, it is a foolish fraud wherein Republicans are pretending not to raise the debt ceiling — that they are merely ‘suspending’ it — when under their own proposal, it will automatically increase on May 19.

On the other, it appears Republican leadership is ready to wave the white flag. It is borderline surrender, a half-step toward eliminating the debt ceiling all together.  All the Senate has to do after the four months are up is insist that the debt ceiling suspension be extended indefinitely as the only means to avert default. Come May 19, Republicans will be backed into a corner of their own making from which they will see no escape but total capitulation.

How does this in any way substantively strengthen the Republicans’ hand? They will be transferring all of their leverage to Obama and Reid on a silver platter. This proposal should not be given one minute of consideration.

Bill Wilson is the President of Americans for Limited Government. You can follow him on Twitter at @BillWilsonALG.

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