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Did the deal allow the President to set the debt limit from now on?
Hot Air ^ | 8:16 am on October 17, 2013 | by Ed Morrissey

Posted on 10/17/2013 9:32:42 AM PDT by Ernest_at_the_Beach

That rumor has been flying around, in part due to the natural opacity of last-minute deals struck at the eleventh hour of a “crisis.”  The legislative branch controls the debt ceiling, but Democrats have occasionally proposed to either eliminate it altogether or allow the executive to set it — at least when a Democrat is President.  So what exactly did the Reid-McConnell bill do to the debt ceiling?  Politico has the source of some confusion on this at the bottom of their story:

The legislation also includes a McConnell-written proposal that would allow Congress to disapprove of the debt-ceiling increase. Lawmakers will formally vote on rejecting the bump of the borrowing limit – if it passed, it could be vetoed by Obama.

The deal would also deliver back pay to furloughed federal workers, require a study of income verification for people seeking health-insurance subsidies under the Affordable Care Act and also allows the Treasury Department to use extraordinary measures to pay the nation’s bills if Congress doesn’t raise the debt ceiling in a timely fashion.

Kerry Picket at Breitbart also noted the rumors that the deal took the debt ceiling out of Congress’ hands (working off of an earlier version of Politico’s story), but included a caveat:

The plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised. …

However it would only apply to the next debt ceiling vote.  The debt limit can only currently be increased if Congress affirmatively votes to raise it and the president signs it into law.  During Congress’ last debt limit debate in 2011, Senate Minority Leader Mitch McConnell (R – KY) wanted to invert this process by making it automatic, unless Congress voted against it and the president did not veto it.  Theoretically, Congress could override a veto, but given the current makeup of both chambers that would be nearly impossible.

This looks more like an out in case the debt ceiling gets hit before the February 7th deadline.  The language starts on page 24 of the bill, in a section that expires on February 7th and only applies to payments due before February 8, 2014.  It’s essentially a way to ensure that Congress doesn’t have to have another debt-ceiling fight earlier than expected, allowing Obama to suspend the debt ceiling only with a presentation to Congress that the current ceiling would be hit for obligations due before February 8th.  It then gives Congress the ability to overrule Obama if necessary, but this again only applies for the short period of the deal.  After February 7th, the normal order returns, and Congress has to raise debt ceilings again.

It’s still something to watch in the future, but at the moment this just looks like a temporary method to make sure the can stays kicked until February 7th.

Update: Let me add a couple of more caveats.  The executive cannot spend what is not appropriated by Congress, except for statutory spending — entitlements — and interest payments on the debt.  This may be a response to threats from credit-


TOPICS: Business/Economy; Constitution/Conservatism; Government; Politics/Elections
KEYWORDS: debtlimit

1 posted on 10/17/2013 9:32:42 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

We should remove the debt ceiling. It is a farce.

We should make it known to the world that the American gov’t has no intention of ever setting any limits on its spending of borrowed money.


2 posted on 10/17/2013 9:36:45 AM PDT by SoothingDave
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To: Ernest_at_the_Beach

So if the Obamunist proposes to raise the debt ceiling by 20 trillion on Feb 1, it’ll take a 2/3 majority to stop it.

Great job traitors.


3 posted on 10/17/2013 9:38:17 AM PDT by fruser1
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To: Ernest_at_the_Beach
McConnell is an F'ing TRAITOR! HE WAS BRIBED BY REID.. $2 BILLION PAYOFF TO GIVE THE COMMIES EVERYTHING THEY WANTED. 'Income verification' in 0bamacare, BIG DEAL. Wow, what a win for the Republicans. /s

Voter registration should have been REMOVED from the website for health care. It's pretty obvious what King Barry's intent is for THAT feature. 15 MILLION new, formerly illegal aliens signing up for health care AND registering to vote 'Democrat'.

This labeling conservatives as 'EXTREME' is a joke. As if the Democrats haven't gone EXTREME? John F. Kennedy would be shocked at what has happened to the Democrat party. If they're going to call us EXTREME, WHEN ARE WE GOING TO START CALLING THEM 'SOCIALISTS'? It IS time, people!

4 posted on 10/17/2013 9:39:47 AM PDT by CivilWarBrewing
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To: Ernest_at_the_Beach

I thought the Constitution was the law of the land. That pesky Constitution has been deemed unnecessary, anachronistic, and our President is way too smart and sophisticated to be saddled with such a poorly written ‘charter of negative liberties’.


5 posted on 10/17/2013 9:40:30 AM PDT by SERKIT ("Blazing Saddles" explains it all.......)
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To: Ernest_at_the_Beach
Did the deal allow the President to set the debt limit from now on?
afraid so....We have a Marxist Dictatorship now...
in one swoop; Sen. Mumbles McConnell (Traitor / Turncoat)
has destroy (the function) of the House Of Representative

6 posted on 10/17/2013 9:41:31 AM PDT by skinkinthegrass (who'll take tomorrow,$pend it all today;who can take your income & tax it all away..0'Blowfly can :-)
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To: Ernest_at_the_Beach
require a study of income verification for people seeking health-insurance subsidies under the Affordable Care Act

A STUDY??? No wonder Schumer called this one "concession" a "fig leaf" for the GOP. PATHETIC!

7 posted on 10/17/2013 9:49:41 AM PDT by montag813 (NO AMNESTY * ENFORCE THE LAW * http://StandWithArizona.com)
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To: fruser1

Violation of Article 1 giving the House powers of appropriation

But hey, it`s the real Constitution, it`s been dead since FDR.

.
THANKS Kentucky kick-back McConnell you political whore.


8 posted on 10/17/2013 9:52:03 AM PDT by Para-Ord.45 ( Americans, happy in tutelage by the reflection that they have chosen their own dictators.)
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To: Ernest_at_the_Beach

seems flagrantly UNconstitutional if so
but

who will challenge it and defend our steenkin constitution these days

as Mark Levin said, we are living in a post-Constitutional time. We are no longer a Constitutional Republic

Instead of our Mt Rushmore we shall need a new monument featuring the profiles of Reid Pelosi Richard Trumka, Obama and Soros - oh and Al Sharpton


9 posted on 10/17/2013 10:56:17 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: Ernest_at_the_Beach

He just proved that no one will can him. He doesn’t need approval. He just says raise it. It goes up.


10 posted on 10/17/2013 11:08:22 AM PDT by showme_the_Glory (ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
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To: SoothingDave

It would cut down on the the theatrics and drama queens. It would also take a tool out of the democrats arsenal.


11 posted on 10/17/2013 11:10:44 AM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: Ernest_at_the_Beach

Poor Mitch, he thinks it’s his job to AVOID fighting for what’s right; that he was sent to Congress to go-along with Dim spending increases and make it more difficult for Congress to prevent them.


12 posted on 10/17/2013 11:18:47 AM PDT by Wuli
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To: listenhillary

It would be interesting to see the bond markets react to such honesty.

And to see the Democrats react. Would they insist that, yes they do have intentions of limiting spending/debt?


13 posted on 10/17/2013 11:21:26 AM PDT by SoothingDave
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