On Oct 8, NBC reported, “President Barack Obama vowed not to relent to what he called Republican “extortion” that would threaten a default on the national debt, but suggested he might accept a short-term agreement that could jump-start talks with Congress.
But the nation’s top elected Republican, House Speaker John Boehner, R-Ohio, described Obama’s possible arrangement as akin to “unconditional surrender” to the president by Republicans.
“The president’s position that … we’re not going to sit down and talk to you until you surrender is just not sustainable,” Boehner said on Capitol Hill. “It’s not our system of government.”
Well, evidently it is.
Last night the Washington Times wrote, “Top senators struck a deal Wednesday to reopen the government and extend the federal government’s borrowing authority into next year and both sides of the Capitol are hoping for quick action to reassure nervous financial markets eyeing a Thursday deadline set by the Treasury Department.
“The compromise we reached will provide our economy with the stability it desperately needs,” Senate Majority Leader Harry Reid said after he and his GOP counterpart, Sen. Mitch McConnell, struck the deal.
For Republicans, the deal was more about getting an embarrassing couple of weeks behind them than in being able to claim victory in a deal that they felt compelled to make.
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