The President charged Congress to show leadership in this deficit crisis. Even with all the Democratic and Republican political posturing, they did on the Republican House majority side whether or not you agree with them. The House brought forth a bill which Pres. Obama says he will veto if it gets passed the Senate. I thought the President had some nerve with his posturing at the “Eat Our Peas” press conference. After all, his signature Obamacare law is contributing to the debt crisis.
The effort coming from Republican Senate Minority Leader, Mitch McConnell is also on the table, but many conservatives and Republicans do not like his idea of giving the President unchallenged authority in raising debt ceiling one bit. There is also a bi-partisan deficit bill measure that is getting much notice. The Pres. seems to like it. In all truth, he is not going to go with anything purely conservative Republican. This bi-partisan thing gives him a chance to promote his moderate side. But this bi-partisan bill does not deal with the deficit. It blows it off for several years; thus, making it worse for the next generation.
Well as I said in this past Sunday post, we need to be praying for the resolution to this deficit. If we go into default, there will be an awful impact on daily living regardless of wherever you find yourself in the political realm.