by Mike Flynn 11 Oct 2013, 8:52 AM PDT
House Republicans have sent the White House a revised proposal to lift the debt ceiling for six weeks, as well as reopen government through December 15th, which was their original spending proposal before the partial shutdown. The revised GOP plan reflects the demands Obama made in a meeting with House GOP Leaders on Thursday. It also reflects the unwillingness of the DC GOP to face a fiscal showdown with Democrats.
In exchange for meeting, at least momentarily, all of Obama's demands, the House GOP is seeking a "framework" for future negotiations on addressing longer-term budget issues. These negotiations would be led for the Republicans by Rep. Paul Ryan, who is likely to seek a "grand bargain" resolving the nation's structural budget problems.
After such a swift capitulation on the current impasse, how likely is it that the GOP will be able to extract meaningful reforms during yet another round of budget talks? House Leadership has already shown that, when nearing an actual deadline, it will cave while extracting very few concessions.
The GOP surrender comes at a time when it is in a stronger position than it was during the partial government shutdown in 1995/96. The public generally blames both parties and President Obama for the fiscal stalemate. Obama's approval ratings, meanwhile, have cratered to 37%, the lowest of his Presidency.
In addition, 61% of the public thinks significant spending cuts have to be part of any deal to lift the debt ceiling. By that, they mean actual cuts, not a "framework" to discuss cuts.
The House GOP has signaled to the Democrats that it is desperate to end the stand-off. They will, of course, promise that they will have more "leverage" next time. They've said that so many times, they probably even believe it.
video at link