How is this not the McConnell plan - giving the president more or less sole authority to raise the debt ceiling by $2.1 trillion in two years.
The spineless GOP negotiators gave away the farm. The House held all the cards with sole authority NOT to raise the debt ceiling. They had ALL the leverage. Obama and the Democrats had to cut spending until the House agreed to raise the debt ceiling. All the GOP had to to was HOLD THE DAMN LINE, force Obama to cave in, then make raising the debt ceiling contingent upon passing CCB and the balanced budget amendment. Which is to say, the House should have said, “after the Senate passed CCB making it law, AND after the House and Senate passed a balanced budget constitutional amendment off to be ratified by the states, THEN AND ONLY THEN, will we raise the debt ceiling”.
Credit downgrades be damn. Debt crisis be damned. The GOP run House had all the cards and could have demanded CCB and the balanced budget be passed in exchange for raising the debt ceiling.
Chumps. I hope the Tea Party Republicans prevent it’s passage.
As far as the president not getting what he wants & alienating his base, I can’t see it. Instead of running up $9 trillion new debt over the next 10 years, the Dems will only run up $6.9 trillion to $21.2 trillion. WOW! what a huge GOP victory!
And the president has control over the debt ceiling WHICH IS SOLELY A LEGISLATIVE FUNCTION. Why bother with a Congress, just make the president dictator for life. Nothing in the convoluted agreement will be passed by the Democrat controlled Senate, so by default, the president will have the sole control over raising the debt ceiling. Nice.
WTF if the base alienated over exactly? What did Obama not get that he wanted? He got 80% of what he wanted and this is a GOP victory with Obama furious and alienating his base?
BULLS#!^.
It was the same with Libyan war, Lame Duck, No accountability to ATF, Black Panthers, missing stimulus money.....