Washington Needs Handcuffs
Credit rating agency Moody’s turned up the heat a bit more on Washington today with their suggestion that Congress would be better off eliminating the debt ceiling if an agreement can’t be reached soon. “The debt limit has done little to restrain spending,” explained Moody’s, “The legislative process creates periodic uncertainty over the government’s ability to meet its obligations.” “If we don’t put handcuffs on these guys as a country we’re doomed, “warned Hannity, “We’d be Greece, and we’d be bankrupt.” The debt ceiling concept is really a good one, as long as Washington can follow the same fiscal restraint we’ve had to follow the last few years. Click here for more on this.
Senator John McCain
Last week Senate Minority Leader Mitch McConnell introduced legislation that would give President Obama the authority to raise the debt ceiling without Congressional approval. Instead, Congress would have to pass a resolution of disapproval but that resolution could be vetoed by the president. Sean was joined by Arizona Senator John McCain to discuss his thoughts of the debt ceiling negotiations and the McConnell plan. “I don’t believe the Cut, Cap and Balance will pass in the Senate,” explained McCain, “The last option would be the McConnell fallback plan but we have to emphasize that should be the last resort.” “There comes a point in principle,” a somewhat agitated Hannity explained, “If they go the McConnell route there will be a fierce rebellion and opposition and I want everyone to know that.” “I agree, I will fight as hard as I can and as long as I can to get the cap and balance plan,” explained McCain, “The McConnell plan is there to prevent bad things from happening and is a viable last resort.” It seems almost unconstitutional to give the power of the purse strings to President Obama. For more on the McConnell plan, click here.
Governor John Kasich
Sean was joined by Governor john Kasich to discuss his view of what's happening in Washington. “We have a spending problem,” explained the Governor, “We have to face up to the fact that the reason we have this problem is because we’re spending too much.” “You know that during the Bush years you were calling yourself an independent,” laughed Kasich, “You pointed that out even when Republicans were in charge.” “The President says he’s going to veto Cap, Cut and Balance,” mentioned Hannity, “What do Republicans do next?” Kasich offered his thoughts saying, “We need to engage taming this huge federal deficit monster.” Hopefully that's exactly what they'll do.
John Sidney McCain III (born August 29, 1936) is the senior United States Senator from Arizona. He was the Republican nominee for president in the 2008 United States election.