No, JRandom, if this story IS true (and I don’t put all my stock in Politico) then the ONLY way for the debt ceiling to be stopped is for 2/3 of the Congress to say NO in February.
If 2/3 does not say NO, the AssClown gets to continue borrowing.
/johnny
“(1) IN GENERAL.—Section 3101(b) of title 31,
United States Code, [the debt limit] shall not apply for the period
beginning on the date on which the President sub
mits to Congress a certification under subsection (b)
and ending on February 7, 2014.”
“ending on February 7, 2014”
There is sinister purpose however: to get us used to using a debt limit date instead of a debt limit amount.
Hope that doesn’t catch on.
This story is a misreading of the bill (as I read it). What the bill says is that the debt ceiling is increased through Feb. 7. Any time between now and Feb. 7, Congress could pass a law that ends the suspension of the debt ceiling before Feb. 7 - so, for instance, if Obama decided to just go ahead and try to issue ten trillion dollars of new debt between now and February, Congress could put the brakes on that. The bill says nothing about what happens after Feb. 7.