A significant faction of the tea party movement is prepared to revolt against any GOP deal to raise the debt ceiling – even if it is “revenue neutral” and cuts trillions from federal spending, grass-roots sources tell Newsmax.
For the most part, tea party leaders have coalesced around the “cut, cap, and balance” approach to raising the debt ceiling: Trillions in real spending cuts, a cap on how much federal spending can consume as a percent of GDP, and, ultimately, a balanced budget amendment that would prevent the federal government from running up future deficits.
But the fractious tea party movement actually consists of thousands of loosely affiliated groups. They generally support constitutionally limited government, but don’t always agree on specific policies. And they are by no means united on whether the debt ceiling should be raised at all.
The leaders of at least one major tea party organization, Tea Party Patriots, are adamantly opposed to any deal to raise the debt ceiling, under virtually any circumstances. Doing so, they say, only invites more deficit spending.
Some analysts call such fiscal hawks “debt-ceiling absolutists.” The absolutists say Uncle Sam must go cold turkey and swear off the spending binge that has saddled America with over $14.3 trillion in national debt. But labels aside, their influence within the GOP caucus is substantial.
Read More at Newsmax By David A. Patten, NewsMax