DEBT CEILING ISSUE and a REPUBLICAN OPPORTUNITY!

The Congressional Republicans have a golden opportunity with the upcoming debt ceiling issue, and hopefully they will take advantage of it. Obama recently claimed that raising the debt ceiling does not raise the national debt. Theoretically, he’s right, but the only reason the debt ceiling needs to be raised is so the government can borrow more money – which undoubtedly will raise the debt! So the Republican strategy should be to raise the debt ceiling, but tie it to a provision that prohibits any borrowing which would raise the national debt. The provision would, however, allow borrowing to replace mature debt with new debt, but only on a dollar for dollar basis. This way Obama can’t claim that Congressional Republicans didn’t give him what he wanted, and it keeps him from raising the debt, which he said a debt ceiling increase would not do. Then leave it to Obama and the Democrats to deal with!