While the rest of us are recovering from the holidays and mulling over the best ways to spend our gift cards, the GOP hopefuls are making their final pleas to the citizens in Iowa and New Hampshire.
Just in case they have run out of campaign material, the debt ceiling compromise of summer 2011 is a gift that keeps on giving. President Barack Obama is expected to formally request to raise the debt ceiling again today. While this move should be no surprise, given the terms our dysfunctional Congress agreed to last summer, it will be greeted with political theatrics nonetheless.
While the obstinate Republican freshmen would love to vote against another debt ceiling increase, the timing of Obama’s request should deny them that pleasure. Congress will be allowed 15 days to vote on a resolution of disapproval, which could in turn be vetoed by the president. However, because neither the House nor the Senate are in session until Jan. 17, a resolution will not be introduced. Read