What are the Democrats afraid of with the Boehner bill? It will pass the House and they will be on the hook with Obama for the default of the United States if they don't pass the House bill? The Democrats just handed the House Leadership a rallying point to pass the bill and send it to the Senate to show the American people that the Democrat Senate has no intention of cutting spending and are willing to let the United States default or are bluffing. Either way it is a win for the House and the American people will see the truth about this bunch of Democrats and their agenda.
July 27, 2011
Dear Speaker Boehner,
With five days until our nation faces an unprecedented financial crisis, we need to work together to ensure that our nation does not default on our obligations for the first time in our history. We heard that in your caucus you said the Senate will support your bill. We are writing to tell you that we will not support it, and give you the reasons why.
A short-term extension like the one in your bill would put America at risk, along with every family and business in it. Your approach would force us once again to face the threat of default in five or six short months. Every day, another expert warns us that your short-term approach could be nearly as disastrous as a default and would lead to a downgrade in our credit rating. If our credit is downgraded, it would cost us billions of dollars more in interest payments on our existing debt and drive up our deficit. Even more worrisome, a downgrade would spike interest rates, making everything from mortgages, car loans and credit cards more expensive for families and businesses nationwide.
In addition to risking a downgrade and catastrophic default, we are concerned that in five or six months, the House will once again hold the economy captive and refuse to avoid another default unless we accept unbalanced, deep cuts to programs like Medicare and Social Security, without asking anything of the wealthiest Americans.
We now have only five days left to act. The entire world is watching Congress. We need to do the right thing to solve this problem. We must work together to avoid a default the responsible way – not in a way that will do America more harm than good.IMHO, this letter from Reid and his 52 Democrat puppets, will help pass the Boehner bill. Obama has threatened to veto the Boehner bill which is a signal to House Democrats to vote against so it is not bi-partisan. Bet there is one Oklahoma House Member Dan Boren who is not going to listen to Obama or Pelosi as he is a lameduck now but didn't listen to them before. He voted for the Cut, Cap, and Balance bill.
/s/ All 53 Democrat Senators
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