[Windy City Conservative]

We know something like this would happen, didn't we?

[tips up]

Hold your powder. Just because some blog reports it, doesn’t mean it’s true. I hope it isn’t true but I’ll hold off judgement for now.

[AuH2ORepublican]

I’m no fan of Mitch McConnell, but I think that Mr. Erickson is mischaracterizing his proposal. Senator McConnell is proposing a law that would give the president until August 2 to increase the debt ceiling by $700 billion *and cut spending this year by the same amount*, which debt-ceiling increase and cuts would go into effect unless both houses of Congress vote against them in an up-or-down vote (and vote to override if Obama vetoes). Obama would then be able to increase the debt ceiling by $900 billion and cut spending by the same amount by December 31, 2011 IIRC, with the same caveats as before. Finally, Obama would be able to raise the debt ceiling and cut spending by another $900 billion by April 2012 IIRC, with the same caveats as before.

I’m not sure I agree with this plan, but it certainly does *not* give Obama carte blanche to raise the debt ceiling without cutting spending. And Obama wouldn’t be able to rajse taxes using this mechanism.

[Road Warrior ‘04]

Oh boy! According to McConnell, Obama would take the political hit for requesting a raise in the debt ceiling. Very well might be, but where's the spending cuts McConnell. You dufus!