Posted on 07/12/2011 1:38:31 PM PDT by La Enchiladita
WASHINGTON (AP) - The top Republican in the Senate proposed on Tuesday giving President Barack Obama sweeping new power to, in effect, unilaterally increase the nation's debt limit to avoid a first-ever default on U.S. obligations. Minority Leader Mitch McConnell, R-Ky., offered a new plan to allow the president to demand up to $2.4 trillion in new borrowing authority by the summer of next year in three separate submissions. Those increases in the so-called debt limit would automatically take effect unless both the Republican House and the Democratic Senate enact legislation specifically disapproving it.
Obama would be able to veto such legislation.
The GOP plan would require that Obama submit spending cuts along with his borrowing requests. But unlike the increase in the debt limit, they wouldn't automatically take effect.
The new mechanism would take the place of the White House debt negotiations between congressional leaders and Obama. Those talks over spending cuts and tax increases have grown increasingly acrimonious.
(Excerpt) Read more at breitbart.com ...
Boehner better come out totally against this or the GOP could be finished as a political party
Mitch just wants to get along with his good “friends” across the aisle.
” The plan is worth considering.
McConnel is no dummy, politically. “
Sorry - “Strategic Surrender” has never been a viable option... At some point, principle, honor, courage, and zeal IN DEFENSE OF THE CONSTITUTION, have to take precedence over political considerations....
Mitch needs Midol, Bad!!!!
He must be insane or senile. This is just weird!
I agree.
Remember when McConnell wouldn’t help defeat Reid? Remember when McConnell did everything possible to keep conservative senators off committees? He’s a wolf in the fold.
Johnson, Rubio, Paul, Lee, Toomey and DeMint should shut the Senate down. No more unanimous consents. No business whatsoever.
FUMM!
Of COURSE this idea will put the blame on the GOP - and rightly so: the Constitution (remember that?) gives th House the authority to plan the nation’s finances, and we just gave control of the House to the Republicans so they could financially stop Obama in his tracks.
If the GOP turns around and ABDICATES that responsibility given to them, of COURSE they’re to blame!
Who would ever think that a little Communist Muslim boy from Jakarta would grow up to bring America to it’s knees from inside the White House?
It is an amazing story.
If congress gives him this power, why should he stop at 2.4 trillion?
Nobody trusts the SOB so why would McConnell expect him to stop at 2.4?? Screw it, why not 10.4 trilliion?
The Democrats agitated to prevent it.
I think all that's happening here is McConnell is baiting the Democrats ~
We the people do not have standing.......McConnell and ALL of the republican leadership are socialists......all of them........
The Republican Party is dead, and now the socialists are gonna push hard to close the deal to kill our country....
So, it makes the democrats own the deficit? They own it now, and they don't care!
Okay, it doesn't raise taxes, but they'll tackle that one another day. The new debt-ceiling is the touchdown- the tax increase is the extra point.
Can you tell me where to find... where to find a real opposition party??
The South will rise again. Yee Haw!
NB—you nailed it.
Obama wins.
The GOP is painted as losers—AGAIN.
The GOP splits—just when we need to unite to get rid of Obama.
Obama wins again in 2012.
And all Obama had to do was lie and threaten that the SS checks would not go out and the military won’t get paid.
Remember this date July 12, 2011—this is a watershed moment- the political class in DC has been completely unmasked—the two party cabal has spoken—and the looting of America will continue.
The Democrats area criminal enterprise, aided and abetted by the GOP.
Does he have to jump out of your computer and hit you in the head with a bat?
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