Wiseacre
Retired USAF Chief
A short while ago the Senate shot down the House's Cut, Cap, and Balance plan. The G6 plan is still a work in progress with a lot of gaps and unknowns, and Obama and Boehner have yet to agree to any "Grand Bargain". So - enter the idea offered by Charles Krauthammer, extend the debt ceiling by 500 billion with the equivalent cuts in spending and no taxes increases. The president has said he will veto it, but what are the alternatives? The McConnell plan? Not sure how much legs it'll have and the details are still to be worked out there too.
Absent an agreement soon, I think the Krauthammer plan is the way to go. Maybe the G6 plan can be implemented once it gets fleshed out, or some other deal. But I think we need to extend the debt limit while we search for solutions, there could be serious repercussions if we don't.
Best Debt Plan Would Shave A Half-Trillion - Investors.com
Absent an agreement soon, I think the Krauthammer plan is the way to go. Maybe the G6 plan can be implemented once it gets fleshed out, or some other deal. But I think we need to extend the debt limit while we search for solutions, there could be serious repercussions if we don't.
Best Debt Plan Would Shave A Half-Trillion - Investors.com