PERRspectives: New House GOP Debt Ceiling Blackmail Demand? No Deficit Reduction!
"The latest GOP extortion couldn't come at a worse time. After all, the federal budget sequester which began in March is already slowing economic growth and costing American jobs. Meanwhile, the CBO and analysts like Goldman Sachs have forecast that Uncle Sam's rapidly shrinking annual budget deficits will soon put U.S. national debt levels on a sustainable path. (That reality even prompted House Speaker John Boehner and Budget Committee Chairman to admit that "we have no immediate debt crisis.") Now, two years after the GOP's first debt limit blackmail hammered consumer confidence and job growth, Republicans are preparing a new ransom note."
