Republicans on Capitol Hill are circulating a memo by the credit ratings agency Moody’s that says that if Congress does not raise the debt ceiling by Oct. 17, the nation wouldn’t actually be at risk of default. That’s because the Treasury would still have plenty of revenues to pay interest to owners of U.S. government bonds.
That seems to fly in the face of what President Obama says. The president and his aides have been warning for weeks that if the nation doesn’t raise the debt ceiling, there would be a default in the weeks following – and that could shake the economy and global financial markets.
Sen. Ted Cruz during a closed-door lunch on Wednesday argued to his Republican colleagues that the campaign he led to defund Obamacare has bolstered the GOP’s political position in dealing with the government shutdown.
Republicans who attended the weekly lunch hosted by Senate conservatives confirmed that Cruz presented a poll that the Texan paid for. Cruz’ pollster, Chris Perkins, was there for a portion of the discussion to help walk members through the poll and discuss the party’s messaging strategy. Perkins is a partner with Wilson Perkins Allen, a GOP polling firm with dozens of Republican clients.
The survey’s findings mirrored other national polls: More voters blame the Republicans for the government shutdown than blame President Obama or the Democrats. But Cruz argued, based on the poll, that Republicans are in a much better position than they were during the 1995 shutdown because this impasse is defined by a disagreement over funding for the Affordable Care Act as opposed to a general disagreement over government spending.
– 67 percent said Obamacare was the “major reason” for the government shutdown.
– By a margin of 46 percent to 39 percent, voters blamed Republicans for the shutdown over “Obama and Democrats.” Another 19 percent blamed both sides equally.
– By a margin of 42 percent to 36 percent, independent voters blamed Republicans for the shutdown over Obama and the Democrats.
– In November 1995, 51 percent of voters blamed Republicans for the shutdown; only 28 percent blamed then-President Clinton