Here’s what we’re looking at this Thursday morning:
The Debt Standoff: As Senators from both sides start to coalesce around the Gang of Six proposal, what will House Republicans do? So far, Majority Leader Eric Cantor and the Tea Party wing are signaling pretty clearly that they won’t vote for a plan that increases revenues by ending tax loopholes. Will they go for any plan that they could be construed as raising taxes? Probably not. And that’s the crux of the issue.
By the way, former Senator Alan Simpson (R-WY) is a funny guy. But his criticism of Congress today – and his party in particular – is pretty serious stuff. Simpson, who served as the co-chair of President Obama’s deficit-reduction commission, says not only would he never sign a Grover Norquist pledge before taking office (“Hell, no! Why would you sign anything before you went into office or before you had the debate and listened to it?”) but he wouldn’t even run for office today. Here’s what he said: “Oh, hell, no. Now it’s just sharp elbows, and instead of having a caucus where you sit down and say, ‘What are you going to do for your country?’ you sit figuring out how to screw the other side.”
Speaking of which, Rep. Allen West (R-FL) called his Florida colleague Rep. Debbie Wasserman Schultz “vile”, “unprofessional” and “despicable”, and who’s expecting an apology from whom? Yep. Rep. West’s office says they’re waiting for Rep. Wasserman Schultz to say sorry. http://bit.ly/pdOWG1