Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

Obama Is Going to Have to Cave

October 11, 2013 By Richard C. Young

Here you read why the president has foolishly overplayed his hand. From Charles Krauthammer:

To be sure, the administration has, as always, overplayed a good hand with punitive shutdowns — such as of the World War II Memorial — clearly intended to be blamed on the GOP.

People aren’t that stupid. They know a gratuitous abuse of government (lockout) power when they see it. Moreover, Republicans have been passing partial-funding bills for such things as national monuments and cancer research, forcing Harry Reid’s Democratic Senate to kill them with a stone-cold heart.

Even worse for Democrats, their current partisan advantage is a wasting asset. The rule is simple: shutdown good, debt ceiling bad. Every day the debt ceiling approaches, President Obama’s leverage diminishes.

Obama insists he won’t negotiate on the debt ceiling as a matter of principle. It’s never been used as leverage for extraneous (i.e., non-budgetary) demands, he claims.

Nonsense. It’s been so used dozens of times going back at least to 1973, when Ted Kennedy and Walter Mondale tried to force campaign-finance reform on President Nixon. Obama himself voted against raising the debt ceiling when he was a senator in 2006.

So much for principle. Moreover, should Obama miscalculate the brinkmanship, he’ll become the first president to ever allow a default. Precisely opposite to the principle he pretends to be espousing — and ruinous to what’s left of his presidency. Breaching the debt ceiling would indeed, as he claims, be an economic disaster, aborting an already historically anemic recovery. As president, he would take the blame. He can’t allow it.

It’s a bluff. He will blink.

If you’re willing to fight for Main Street America, click here to sign up for my free weekly email.

Related Posts

  • No Obama Mandate
  • Boehner Backs Obama
  • Obama Claus
  • Author
  • Recent Posts
Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
Latest posts by Richard C. Young (see all)
  • Would the Pat Buchanan Plan Work Today? - July 9, 2025
  • How Healthy Are Eggs? - July 8, 2025
  • HUD: The Damage Caused by Federal Housing Intervention - July 8, 2025

Dick Young’s Must Reads

  • Victor Davis Hanson: How to Bust DC’s Stronghold
  • How Can You Maximize Natural Immunity to Viruses?
  • Hey, Where’s Everyone Going? Follow the Money Kid
  • Are You Looking for Investment Counsel? 2 Questions
  • ACTRESS: “Liberal Politicians Are Ruining Cities”
  • How Will YOU Feel in Retirement? Let Me Explain
  • Florida: Enjoy Certain Freedoms and Individual Liberties
  • BLOOD THINNERS: Is a Big Advance Imminent?
  • A NEW CONTRACT WITH AMERICA: Rick Scott Finally Gives the GOP Something to Run On
  • My Favorite Arrondissements in Paris

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Your Survival Guy: “You Wouldn’t Have Liked It”
  • DOE Unveils Plan to Quadruple U.S. Nuclear Power by 2050
  • How China Weaponized Rare Earths to Shift U.S. Trade Policy
  • Trump Administration Moves to Curb Foreign Ownership of U.S. Farmland
  • We Finally Got on the Boat
  • Trump Flexes Tariff Power Ahead of August 1 Deadline
  • America Remained a Net Energy Exporter as Domestic Output Soars
  • Copper Prices Surge as Global Supplies Tighten
  • Happy Independence Day!
  • Survival Guy: An All-Weather Balanced Portfolio

RSS Yoursurvivalguy.com

  • Your Survival Guy: “You Wouldn’t Have Liked It”
  • ESG Doesn’t Stand Up to Scrutiny
  • How to Dock a Boat with Helm Master EX
  • We Finally Got on the Boat
  • The Big Beautiful Bill: Good, Bad, and Ugly
  • WARNING: Your Survival Guy and Gal in the Fog
  • Happy Independence Day!
  • Survival Guy: An All-Weather Balanced Portfolio
  • A Bazooka Fired at Private Equity
  • NYC, Crypto, ESG, the Haves and the Have-Yachts

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives