[Principled]

No, the plan has to pass both houses and be signed... like a regular piece of shi... legislation.

Said piece would allow dictator to increase the debt ceiling.

How much I dunno.

But i do know this sux bad. Third party is in.

[Candor7]

"A plan by the Senate's two top leaders to allow President Obama to raise the debt limit without congressional approval is emerging as the most likely strategy to avoid a looming federal default. "

Acording to the Chicago Tribune, no Congressional approval will be needed. It will be done by executiive order with the assent of the leaders of both Congressional houses.

Third Party is definitely in. And Palin will declare.