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GOP leader says give Obama new debt limit powers
ktul ^
Posted on 07/12/2011 4:39:21 PM PDT by LouAvul
With compromise talks at a vituperative standstill, Senate Republicans unexpectedly offered Tuesday to hand President Barack Obama new powers to avert a first-ever government default threatened for Aug. 2.
Under a proposal outlined by Sen. Mitch McConnell of Kentucky, Obama could request increases of up to $2.5 trillion in the government's borrowing authority in three separate installments over the next year, as long as he simultaneously proposed spending cuts of greater size.
(Excerpt) Read more at ktul.com ...
TOPICS: Government; News/Current Events
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1
posted on
07/12/2011 4:39:23 PM PDT
by
LouAvul
To: LouAvul
Senate Republicans unexpectedly offered Tuesday to hand President Barack Obama new powers to avert a first-ever government default threatened for Aug. 2. Is that one worth a drink since it's happy hour? ; )
2
posted on
07/12/2011 4:42:14 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: LouAvul
Oh, hell no. Now THAT would be unconstitutional. The Gentleman from Kentucky needs to shut up, minority leader.
3
posted on
07/12/2011 4:43:27 PM PDT
by
Prospero
(non est ad astra mollis e terris via)
To: LouAvul
Under a proposal outlined by Sen. Mitch McConnell of Kentucky, Obama could request increases of up to $2.5 trillion in the government's borrowing authority in three separate installments over the next year, as long as he simultaneously proposed spending cuts of greater size.
"Ooooh. You tricky, tricky white boy."
4
posted on
07/12/2011 4:43:59 PM PDT
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: EGPWS
It sounds like the Israeli-Palestinean negotiators.
The Republicans give and Obama takes. However, once he’s taken, he’s forgotten what it was he was supposed to give.
5
posted on
07/12/2011 4:44:38 PM PDT
by
Jonty30
To: Prospero
WTF is going on here?
Does the GOP have a political death wish?
6
posted on
07/12/2011 4:44:52 PM PDT
by
LyinLibs
(All moslems are somewhere on the killing-you spectrum)
To: LouAvul
Obama could request increases of up to $2.5 trillion in the government's borrowing authority in three separate installments over the next year, as long as he simultaneously proposed spending cuts of greater size. Isn't that like tugging in opposite directions to force movement one way?
7
posted on
07/12/2011 4:44:59 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: LyinLibs
Does the GOP have a political death wish?If the GOP follows through with this they are DOA politically, count on it!
8
posted on
07/12/2011 4:47:03 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: LouAvul
There are only about 10-12 conservative Senators.
9
posted on
07/12/2011 4:49:53 PM PDT
by
Bryan24
(When in doubt, move to the right..........)
To: Jonty30
The Republicans give and Obama takes. However, once hes taken, hes forgotten what it was he was supposed to give.
10
posted on
07/12/2011 4:49:53 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: LyinLibs
11
posted on
07/12/2011 4:50:05 PM PDT
by
Roklok
To: LouAvul
2.5 Trillion??????????? are these numskulls insane? Giving that kind of money to a complete LIAR and con artist? NO cut the money they spent since 2006!
12
posted on
07/12/2011 4:52:06 PM PDT
by
Cheetahcat
( November 4 2008 ,A date that will live in Infamy.)
To: LouAvul
If Obama did not have Geithner to cook the books his way, I’d think he wouldn’t like this deal. It would keep this issue alive straight through campaign season. But Geithner would simply announce the debt ceiling won’t be a problem until...say...January 21, 2013.
Bad deal Mitch. I wish you hadn’t offered it.
13
posted on
07/12/2011 4:53:52 PM PDT
by
Cyber Liberty
(Oh, well, any excuse to buy a new gun is good enough for me.)
To: LyinLibs
Does the GOP have a political death wish?
The GOP RINO’s do. They have already given Zero trillions and he wants more.
Shut the government down.
Vote the worthless b$$tards out of office.
Pass a strict balanced budget amendment.
Reduce the size of government.
14
posted on
07/12/2011 4:54:50 PM PDT
by
chainsaw
(I'd hate to be a democrat running against Sarah Palin.)
To: LouAvul
There is an easier way of doing this, the GOP Controlled House can pass a debt ceiling increase with the same amount in cuts and send it to the Senate. It would then be out of the GOP’s hand and squarely on Reid and Obama.
15
posted on
07/12/2011 4:55:39 PM PDT
by
tobyhill
(Real Spending Cuts Don't Require Increasing The Debt)
To: LouAvul
If McConnell doesn’t have the backbone, stomach, gonads etc. to face down the usurping POS 0bama, then he should step aside and let’s get someone who can!
16
posted on
07/12/2011 4:59:05 PM PDT
by
The Sons of Liberty
(Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
To: LouAvul
Fools rush in!!!!!!!!!!!!!!!
Free campaign money for the O. Mitch shut up and go home.
17
posted on
07/12/2011 5:02:47 PM PDT
by
A Strict Constructionist
(Oligarchy...My theory is, college student body presidents become DEMS or RINO's.)
To: LouAvul
18
posted on
07/12/2011 5:05:32 PM PDT
by
theDentist
(fybo; qwerty ergo typo : i type, therefore i misspelll)
To: Prospero
If done, Dictatorship is the only explanation.
To: LouAvul
Obama could request increases of up to $2.5 trillion in the government's borrowing authority in three separate installments over the next year, as long as he simultaneously proposed spending cuts of greater size...Uh, as long as the spending cuts are mandatory and approved by Congress. This was the original idea all along, right?
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