This report if true, if one of the reasons that I don’t trust the GOP on fiscal and economy issues. The House GOP is considering a vote to extend the debt ceiling through the end of 2012. This is kicking the can down the road and hurt them electorally. People voted them in to rein in spending. Clearly, they a not serious.
Republicans want a short-term increase to the debt ceiling if the talks led by Vice President Biden do not produce sufficient spending cuts, Senate Minority Whip Jon Kyl (R-Ariz.) said Tuesday.
Kyl, who is representing Senate Republicans in the high-level talks, said his caucus largely agrees with House Speaker John Boehner’s (R-Ohio) demand that the increase in the $14.3 trillion debt ceiling be paired with even bigger spending reductions.
[….]
Negotiators in the Biden talks are looking for a way to increase the debt ceiling enough so that it does not need to be raised again until the end of 2012, after the next election. Kyl said that timeline would require a debt-ceiling increase of $2.4 trillion.
But Kyl said the GOP would look to a shorter-term increase in the debt ceiling if the talks fail to produce more than $2.5 trillion in cuts.
If true, once again the GOP will have proven itself all talk about fiscal or economic Conservatism. Wake me up when we have a true Conservative Party in this country.
Tags: Debt Ceiling, Debt Crisis, Deficit
