The Committee to Blow Up the World
- Joshua M Brown
- September 26th, 2013
Boehner is out rattling his saber this morning. No need for a liveblog, it’s just more of the same.
As Zeke Miller at TIME explains, he really only has three options to put this issue to bed in time for the aversion of another catastrophe a la 2011.
First, he can do the honorable thing and compromise:
The simplest way out of this mess is for Boehner to admit defeat. He can tell his conference that they stood up for their convictions in the House, that Senate Republicans let them down, and that they should live to fight another day. Under this scenario, Boehner would move to pass the funding bill already approved by the Senate, and send it on to the White House for signature before midnight on Monday.
But conservative Republicans claim that some 70 members would be opposed to such a path, requiring Boehner to secure Democratic votes. He would surely face dissension in his own ranks, especially if he was forced to violate the so-called Hastert rule, which dictates a majority of the House majority support any bill called to the floor.
So you can see that this will not be easy, even though it’s his best option.
Here are the other two:
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.
The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More.