The consequences, as Secretary Geithner and many others, including the Speaker of the House, Senator Minority Leader, Congressman Ryan have pointed out, the consequences of not -- of failing to raise the debt ceiling would be Armageddon-like in terms of the economy on -- the impact on interest rates, on job creation, on growth would be devastating.
And the Republican presidential nominee warned America about the liberal trio of House Speaker Nancy Pelosi, Senator Majority Leader Harry Reid and presidential nominee Barack Obama.
"The speaker welcomes the work of leaders like Senator Rubio on this issue, and is looking forward to learning more about the proposal in the coming days, " Boehner spokesman Michael Steel told CNN.
During the Herzliya Conference held January 24-27 in Israel, former U.S. House of Representatives Speaker Newt Gingrich, former Massachusetts governor Mitt Romney and Senator John McCain all went on record in support of pension fund divestment.
CENTERFORSECURITYPOLICY: Critical mass for Divest Terror program
Previous honorees include: former President Ronald Reagan (1995), Speaker of the House Newt Gingrich (1996), Senator Jon Kyl (1994), Malcolm S. "Steve" Forbes (1993) and former Secretary of Defense Caspar Weinberger (1990).
Behind Romney stood the people most responsible for passing the plan, among them Senator Ted Kennedy and Salvatore DiMasi, the Speaker of the Massachusetts House of Representatives.
But the party's more pragmatic leaders, such as Senator Hillary Clinton and Nancy Pelosi, the new speaker of the House (see article), know that they have to win the election first and that moderate voters may not take kindly to them if they do nothing.
One answer, from iconoclasts such as Mitch McConnell, the Republican senator from Kentucky, and Newt Gingrich, the Republican speaker of the House (which has yet to look at campaign finance), is to argue for a spending free-for-all, on the ground that politicians will otherwise have to be millionaires, able to spend their own money to any limit in order to get elected.
The Rayburn House Office Building, named for longtime Democratic Speaker Sam Rayburn of Texas, and the Dirksen Senate Office Building, named for longtime Republican Senator Everett Dirksen of Illinois, recognize leaders of different parties and different ideologies who knew how, in the end, to cut through the mess and get things done.
For many he is a familiar face, since he was one of the founders of the conference in 2002, and as a U.S. senator, was a speaker at the first three gatherings.
In recent weeks, Senators John McCain and Joe Lieberman, former Governor Mitt Romney, former House Speaker Newt Gingrich, former Senator Rick Santorum and former Israeli Prime Minister Benjamin Netanyahu have embraced the idea of terror-free investing.
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