From the New York Times:
Also behind closed doors in the Capitol, House Republican leaders laid out their demands for a debt-ceiling increase to the Republican rank and file.
They include a one-year delay of the president’s health care law, fast-track authority to overhaul the tax code, construction of the Keystone XL oil pipeline, offshore oil and gas production, more permitting of energy exploration on federal lands, a rollback of regulations on coal ash, blocking new Environmental Protection Agency regulations on greenhouse gas production, eliminating a $23 billion fund to ensure the orderly dissolution of failed major banks, eliminating mandatory contributions to the new Consumer Financial Protection Bureau, limits on medical malpractice lawsuits and an increase in means testing for Medicare, among other provisions.[…]
Economists of all political persuasions have warned that a failure to raise the debt ceiling by the Treasury’s deadline of Oct. 17 could be catastrophic.
I’ve got a four-part plan for how the GOP can get all that made into law. Ready?
1) Persuade most voters that the GOP is best able to govern.
2) Win lots of elections, until the GOP controls the House (already done!), the Senate, and the Presidency.
3) Pass laws in the Congress, and have those laws signed by the President.
But I guess the idea of governing through persuasion and winning elections is just too implausible. Threatening to destroy the economy makes much more sense.
* * *
Why not demand President Obama’s resignation while they’re at it?
Mr Obama ought to counter the Republican threat not to raise the debt ceiling, with a threat of his own to veto a raise in the debt ceiling. Republicans may demand the postponement of Obamacare in exchange for a debt-ceiling hike. Mr Obama can demand passage of an immigration-reform bill including a path to citizenship in exchange for a debt-ceiling hike. … [T]he whole idea that Mr Obama would threaten to tank America’s credit rating and the global economy in order to achieve his legislative agenda is just nuts. Whereas Republicans, well, you just have to expect them to pull that sort of stunt, because… because why again?