Friday, May 13, 2011

Report: GAO says keeping debt ceiling does NOT equal default

PERFECT!! Keep the debt ceiling in place unchanged and FORCE spending cuts. As Chris Matthews says, it is time to play hardball.

Well, the GAO believes it does. We hear that the GAO sent a message to Congress that the 85 ruling still applies, and nothing has changed in the statutes since then that would make it null and void. GAO attorneys signed off on it as well.

So within the GOP, this should be a shot in the arm to the hard right, now feeling fully confident that failure to raise the debt ceiling won't cause a crisis.