House Republicans muscled through a revised debt limit plan without a single Democratic vote on Friday night and headed toward a confrontation with the Senate, where Democrats were anxiously awaiting the newly passed measure so they could reject it. President Obama has also threatened to veto it.
Rep. Darrell Issa (R-Calif.) isn t afraid of default and the prospect of ratings agencies lowering America s sterling AAA credit rating? Bring it on! "Until we stop spending more, we should be downgraded," Issa, the head of the House oversight committee and a long-time fiscal hawk, told Don Imus Monday morning.
The split between Obama and Republicans is nothing compared to the gap between GOP leaders and their Tea Party fueled rank and file. Top congressional leaders appear to have essentially painted themselves into a corner between Obama on one side and the just-say-no bloc of House Republicans on the other.