On Wednesday, House Speaker John Boehner served notice to the Obama administration that the coming debate over another debt ceiling extension would be resolved through offsetting spending cuts. South Carolina Rep. Mick Mulvaney has been very critical of Boehner’s performance in last year’s fights over the continuing resolution and debt ceiling. Mulvaney says he welcomes Boehner’s stance this time around but wants to see it backed up by verifiable spending cuts that take place soon and not years down the road. The timing of the debt ceiling debate is also a political spectacle according to Mulvaney. He says Treasury Secretary Tim Geithner ultimately decides when the government exceeds the debt ceiling – and he claims that determination will be based on what President Obama considers to be best for his re-election chances. A strong supporter of Texas Gov. Rick Perry during the Republican presidential primary season, Mulvaney is now confident that Mitt Romney is an excellent choice to take on the debt issue. The congressman says Romney may seem boring compared to Obama’s rock star persona, but he will be very happy with a boring but competent leader.
