A lot of money is still coming in even if the debt ceiling is not raised & the bond holders get paid first (14th amendment & all that).
We are not going to default on our debt.
Hope he got the message
Senate trying to figure out a way to originate funding bills, tough one.
Until the FRAUD-in-Chief comes clean, nothing gets passed. Then the only other business at hand is overturning his unconstitutional executive orders.
@1:05 - "There is a good deal of conservative support for what I laid out yesterday beginning with the Wall Street Journal editorial page today."
@1:44 - "Doing the right thing for the country is our first obligation, but we cannot force a result, we need to do the next best thing and that's clarify the differences between the two parties."
@2:14 - "They want to blame the economy on us and the reason default is no better an idea today than it was when Newt Gingrich tried it in 1995, is it destroys your brand, and it gives the president an opportunity to blame Republicans for a bad economy."
@3:03 - Laura: "While it puts the burden, it shifts the burden to the greatest extent to Obama, in effect there is kind of a vote at the beginning to raise the debt ceiling because you are ceding..." McConnell: "No, no. It only authorizes the president to ask for it. There will be no vote to raise the debt ceiling I suspect by any Republican."
Laura: "Isn't that passing the buck, Senator? Isn't that passing the buck of leadership to the White House?"
McConnell: "We've been trying to get this liberal president to sign a deal worth signing. You know it makes a difference when you only control a third of the government. If we were able to run the government out of the House of Representatives we would be able to get a result that we would like."
@4:40 - Laura: "When I see the New York Times on the other hand, praising the deal, Harry Reid seeming to be open to it, and even the White House murmers that it might be something acceptable I get a little nervous, why do you think they are embracing it?"
McConnell: "Because they want to raise the debt ceiling and of course we know that is going to happen. Just like we knew shutting down the government in 1995 was not going to work for us, it helped Bill Clinton get reelected. I refuse to help Barack Obama get reelected."
@5:34 - "If we go into default he [Obama] will say that Republicans are making the economy worse and try to convince the public, maybe with some merit, if people start not getting their Social Security checks, military families start not getting letters saying that service people overseas don't get paid, you know that's an argument he would have a good chance of winning and all of a sudden we are co-ownership, we have co-ownership of a bad economy. That is very bad positioning going into election."
@8:34 - "We had hoped this would present an opportunity to cut spending. It looks as if, it may change, but it looks as if it is only going to be an opportunity for him to try to entice us top raising taxes and as I said when I started I'm not going to be a part of turning the Republicans into tax collectors for the welfare state."
A big part of why the country is in the crapper is because congress has formally and informally abrogated much of its constitutional responsibility.
It is their responsibility to vet president elects - they failed that test in 2008.
It is their responsibility to declare war but they gave the president the right to initiate military action for up to 30 days. Now he just ignores their whining that he has exceeded his authority.
Congress is supposed to hold the nation’s purse strings but they let the president run all over the country and the world spending money and signing blank checks.
The Courts throw Congressional legislation out the back door.
The president ignores them except when he wants to set them up as the fall guy.
That all happens in part because of stupid ideas and actions like this proposal.
Obama will be perfectly happy to set a precedent of having the responsibility to raise the debt limit.
Mitch’s plan was/is a disaster.
It had better not because we are taking names and handing out”pink slips” in 2012!
PLAN B: THE WORST IDEA EVER!!!
McConnell needs to shut up... It needs to be plainly stated to the Republicans that we the people have had enough and that the government should be shut down until it can be run in a fiscally responsible way.. I would love to hear Boner (sarc) get up and say in a press conference” THE PRESIDENT OF THE UNITED STATES AND ALL DEMOCRATS ARE LIARS! THE SOCIAL SECURITY CHECKS WILL GO OUT! STOP SCARING OLD PEOPLE !!! (I KNOW , AIN’T GONNA HAPPEN)
The politicians are radical socialists for their government-employed constituents back home. When they talk about the debt ceiling, they’re conniving about hiking taxes.
Go to your room, Mitch. And don’t come back down until after supper.
Go to the http://www.usdebtclock.org/ site to see how fast those numbers are increasing. Mind boggling.
That’s McConnell’s position today, tommorrow the old switcheroo let’s give President power to set the new limit.
Yo Mitch, what part of don’t raise the debt ceiling is it you don’t understand? I would call you simplistic, stupid, caving, rino, SOB, but I won’t.
Go to Mitch McConnells Facebook page and tell him your opinion:
http://www.facebook.com/mitchmcconnell