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Stunning Video: Ashes and Snow

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simoom1/14/2013 7:16:53 am PST

re: #215 simoom

Heh, that whole article is full of crazy gold. You really have to hope it’s all just posturing:

Starting Monday, Boehner will huddle with his leadership team to discuss his preliminary thinking on a spending strategy. A source who attended meetings to prepare for those private talks said GOP leaders are authentically at a loss on how to control members who don’t respond to the normal incentives of wanting to help party leaders or of avoiding situations — like default — that could be public relations nightmares.

To pacify conservatives, he made two promises to his members that will greatly restrict his ability to craft a compromise in the spending fights ahead. The first promise was to bring to the floor only legislation a majority of his members support and do it through the committee process. The second was to increase the debt limit only in exchange for a dollar-for-dollar decrease in spending in the time period covered by that debt increase.

In a meeting between House GOP leadership and outside campaign groups at the Republican National Committee on Thursday, Boehner’s chief of staff, Mike Sommers, discussed the possibility of increasing the debt limit for only one to three months — a move that would rattle markets and threaten the U.S. credit rating.

Boehner’s own staff has warned conservative lawmakers that deficits will soar, as interest rates rise, the markets will tumble and the economy will face catastrophe if they truly follow through on default. They will walk members through a presentation on this scenario this week, and the hope is conservatives will conclude it would be economic and political suicide to go all in. But GOP leaders have made similar pitches before, and most House Republicans didn’t buy it. They are willing to take that risk because they believe the future consequences of more spending are more severe.