Rep. Ryan Floats Tying Keystone XL to Raising Debt Ceiling
Source: Wall Street Journal
House Budget Committee Chairman Paul Ryan (R., Wis.) on Tuesday floated the possibility of pressing the White House to approve the Keystone XL oil pipeline as a GOP condition for raising or suspending the debt ceiling.
“We’ve never just done nothing,” Mr. Ryan said in an interview on the Hugh Hewitt radio program. “We want to make sure that we’re taking steps in the direction of fiscal conservatism, of fiscal responsibility. I, for one, think we need to do more in the energy sector. I believe we need to approve Keystone pipeline. We need to produce regulatory certainties to all this private capital that develops this energy boon. We could be an energy independent continent within a decade if we stop the government from stopping it from happening. If we just get the government out of the way, it could be a real renaissance of oil and gas exploration in America, lower our gas prices, stop sending this money to foreign countries.”
The White House has said the debt ceiling will need to be raised or suspended by March – at the latest – so the government can continue borrowing money to pay its bills. The White House has also said it will not negotiate policy changes in exchange for a debt ceiling increase, but Mr. Ryan and other Republicans have said the White House will have to accept some conditions or policy demands.
Mr. Ryan, in the radio interview, suggested that a regulatory or procedural change, such as the Keystone pipeline, was a more likely possibility than a structural change to a program like Medicare. He said, for example, that he has pushed for certain changes to Medicare, but he has run into resistance from Democrats.
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