By: Forbes Real Time
January 26, 2013 at 10:48 AM EST
Have House Republicans Finally Found a Productive Fiscal Strategy?
The Republican decision to pass a temporary extension of the U.S. debt ceiling, without any corresponding spending cuts, could be seen as a capitulation. After all, plenty of GOP politicians had been promising that they would not vote to increase the debt limit without substantial fiscal reforms. But the “No Budget, No Pay Act,” which seeks to extend the debt limit through May, is in fact an encouraging sign that Republicans have become realistic about their political leverage. Indeed, they may have found a way to persuade Democrats to work with them to reduce the deficit.
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