BOEHNER'S A PRETTY SMART COOKIE---HE'S RESIGNED, BUT ON CONDITION THAT SOMEBODY ELSE TAKES JOB. AND NOBODY WANTS IT....SO HE STAYS! BUT HE DUMPS THE CONSTITUENCY PART OF BEING A LEGISLATOR, AND THE RUNNING FOR RE-ELECTION PART....AND UNTIL AND UNLESS THE DEMOCRATS TAKE OVER, IT'S STALEMATE! EVIL GENIUS AT WORK!
https://www.washingtonpost.com/news/powerpost/wp/2015/10/14/with-deadline-approaching-boehner-hasnt-ruled-out-debt-ceiling-increase/
A friendly reminder: While the political world remains enthralled with the upheaval inside the House Republican Conference, a series of legislative deadlines are moving ever closer — and the lack of an obvious successor to outgoing Speaker John A. Boehner hasn’t changed that.
The Congressional Budget Office delivered the latest reminder Wednesday, updating previous guidance on the most serious of those deadlines — the approach of the federal debt ceiling.
Should Congress fail to act to raise the debt limit, according to the CBO, “the Treasury will begin running a very low cash balance in early November, and the extraordinary measures will be exhausted and the cash balance entirely depleted sometime during the first half of November. At such time, the government would be unable to fully pay its obligations, a development that would lead to delays of payments for government activities, a default on the government’s debt obligations, or both.”
That assessment moves forward the CBO’s previous deadline estimate by several weeks and largely comports with the Treasury Department’s latest guidance, which predicted the ceiling would be reached on or about Nov. 5.
So what is Congress going to do about it?
WELL, THEY COULD REMOVE THE DEBT CEILING...BUT THAT WOULD BE SENSIBLE...MORE AT LINK
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