With the federal borrowing clock allegedly ticking down to financial Armageddon on August 2, discourse on Capitol Hill is becoming predictably envenomed. The official Republican position, framed repeatedly by House Speaker John Boehner, is that no legislation to raise the debt limit will be admissible without deep spending cuts, and that tax increases of any sort will not be countenanced by the Tea Party-fueled Republican majority in the House. The Obama administration and its allies in Congress are making calls from a time-dishonored playbook, pushing for tax increases on the rich rather than meaningful cuts in government spending, and accusing Republicans of calculated obstructionism.
Texas Congressman and presidential candidate Ron Paul, one of only a handful of congressmen with a commitment to fiscal responsibility and a genuine yen for limited government, issued a statement warning of coming Republican duplicity in the face of the continued refusal of the Obamaites to contemplate deep budget cuts without a massive tax increase: "Sources in Washington tell me that House Republican Speaker John Boehner [pictured] is considering a deal to raise taxes as part of a debt limit 'deal.'"
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