McConnell Sparks Debt Debate With Yahoo News Op-Ed
The contentious debate over what to do about the fiscal cliff continues — and Senate Minority Leader Mitch McConnell isn’t one to sit modestly in the corner.
“I have news for [Obama]: The moment that he and virtually every elected Democrat in Washington signed off on the terms of the current arrangement, it was the last word on taxes. That debate is over,” the Kentucky Republican wrote in his Yahoo News op-ed, posted Wednesday night. “Now the conversation turns to cutting spending on the government programs that are the real source of the nation’s fiscal imbalance.”
The fate of the debt ceiling still looms ahead — plus three more budgeting deadlines — and according to Treasury Secretary Tim Geithner, federal borrowing has already reached the current ceiling of $16.394 trillion. Republicans hope to cut spending, while Democrats feel it is necessary to raise the ceiling to avoid defaulting on loans.
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“The President may not want to have a fight about government spending over the next few months, but it’s the fight he is going to have, because it’s a debate the country needs,” says McConnell.