For on thing FOX FAUX News is reporting that a substantial number of republicans will not vote for raising the debt ceiling for any reason.

Therefore, the maximum number of votes in the House is 432. 217 is one more than half. So 217 is the minimum number required to approve any debt ceiling agreement.

“80-120”

The next “number” is actually a range. 80-120 is the number of House Republicans who handicappers believe wouldn’t vote for a debt limit increase, no matter what.

For starters, the House Republican Conference has 240 members. Losing 80 to120 is a staggering chunk. That explains why it’s hard to forge a deal that garners substantial Republican support.

“Boehner has two factions in his caucus,” said Rep. Peter Welch (D-VT) on GOP prospects for passing the debt ceiling. “There’s ‘no’ and there’s ‘hell no.’”

Allen Grayson confirms this.

I know why House Speaker John Boehner walked out of debt ceiling talks with President Obama on Friday.

It’s because Boehner can’t deliver.

It doesn’t matter what terms the President offers. It’s that simple. Boehner can’t deliver the votes.

The President might as well be negotiating with Tiger Woods; Tiger can’t deliver the votes, either. But at least Tiger has a better swing.

On Friday, the President said, “I think that one of the questions that the Republican Party is going to have to ask itself is, can they say yes to anything? Can they say yes to anything?”

The answer to your question, Mr. President, is no. The national Republican Party can’t even says yes to yes. And Boehner can’t do anything about that.

And Paul Craig Roberts outlines just what may occur if the country might default.

We are talking about a crisis beyond anything the world has ever seen. Does anyone think that President Obama is going to just sit there while the power of the US collapses? He doesn’t have to do so. There are presidential directives and executive orders in place, put there by George W. Bush himself, that President Obama can invoke to declare a national emergency, suspend the debt ceiling limit, and continue to issue Treasury debt. This is exactly what would happen.
The consequences would be that the power of the purse would transfer from Congress to the President. It would be the end of the power of Congress. Congress, Republicans and Democrats alike, have already given away to the President Congress’ Constitutional right to decide whether the country goes to war. Now Congress would lose its power over debt, taxes, and the budget itself.
Republicans need to decide whether the advantage of delivering a blow against “leechdom” is worth such extreme risks.
Some readers will say “this could never happen.” But Congress is already emasculating itself as a result of the Republicans’ intransigence over the debt ceiling increase. Republican Mitch McConnell and Democrat Harry Reid have come up with a proposal for a committee of Congress, called a Super Congress, that could fast-track legislation by prohibiting amendments.
So we are talking major constitutional crisis here. So any movement would be a miracle.
cmaukonen

cmaukonen

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