JOHN BOEHNER - THE FATE OF THE COUNTRY IN HIS HANDS

The issue supposedly is the Continuing Resolution.  There is no argument over the Continuing Resolution (CR).  The Democrats have agreed with the Republican figure.  So there is no argument.   The Republicans won that battle, and the agreed upon figure is actually below the Sequester level.  The argument has nothing to do with the CR and is actually over a law that survived a test in the Supreme Court, if narrowly, the so called Obamacare or Affordable Care Act law (ACA).  So the Speaker of The House, has refused to let the CR be voted upon unless the ACA is destroyed.  Oh yes, they have proposed delaying ithe ACA for a year, but then will demand another year, etc. In the meantime, the ACA is open for business and early returns seems very encouraging.

Most if not all Republicans would like to see this ACA law repealed; however, the president is not likely to let this law be destroyed, especially since everyone seems to agree that the House would approve the CR if allowed to vote on it.  So to prevent the CR from being passed and allow the Federal government to remain open, the Speaker Of The House, John Boehner, has refused to let the CR be voted upon.  Thus now, 40% of the government is shut down, except for essential positions.  I fully expect the government to remain closed for the next two weeks until we face the debt limit.  We are undergoing other cute maneuvers like trying to open the government piecemeal but, in the end, never funding the ACA.  Paying our soldiers on time has been the one exception that has been passed on a bipartisan basis, an exception with which I agree.

So will the Speaker refuse to let the Debt Limit be raised and destroy the Full Faith And Credit Of The U.S. Government because we will not pay bills that are already incurred?  Oh, perhaps if we let this go for a few days, it will not matter, but we don't know what our creditors will do.  And if you do this the first time, doing it a second time is easier, etc.  So Mr. Boehner holds the fate of America in his hands.  Will he keep the government closed and, in addition, destroy the full faith and credit of America?  It seems to be his choice.  Will he be the man who destroyed America or the hero that saved it?  Right now we do not know.  Is holding the Speakership worth destroying a great country?

[Warren] Buffett did provide a glimmer of hope if the Oct. 17 debt limit deadline is breached. "If it goes one second beyond the debt limit, that will not do us in. If it goes a year beyond that would be unbelievable." http://www.cnbc.com/id/101083360

[Hank Paulsen] said he hates the whole concept of the debit limit—calling it a "flaw" in the system. "Congress has already approved the spending. And then say 'you have to then come back and agree to allow us to meet our obligations,' that's ridiculous."  http://www.cnbc.com/id/101083367