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McConnell unveils debt limit ‘Plan B’
washington post ^ | 7/12 | Felicia Sonmez

Posted on 07/12/2011 1:03:07 PM PDT by RummyChick

Edited on 07/12/2011 7:46:03 PM PDT by Admin Moderator. [history]

Senate Minority Leader Mitch McConnell (R-Ky.) on Tuesday unveiled a “back-up plan” for raising the debt ceiling in case the ongoing negotiations between congressional leaders and the White House fail to produce a result by an Aug. 2 deadline.

At a Capitol news conference little over an hour before the latest round of negotiations was set to begin at the White House, McConnell described a plan that would allow the debt ceiling to be raised in three separate stages through the end of next year, for a total of $2.5 trillion.


(Excerpt) Read more at washingtonpost.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: backstabber; default; democratsympathizer; economy; mitchswitch; regulations; rhinodance; sellout; spineless; taxes; traitor; treason
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1 posted on 07/12/2011 1:03:13 PM PDT by RummyChick
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To: RummyChick

they caved:
“McConnell deputy chief of staff Don Stewart said that Obama’s “threats about Social Security are no longer real if this bill passes.”


2 posted on 07/12/2011 1:04:06 PM PDT by RummyChick
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To: RummyChick

Market starting to head down as this filters out. It had been holding steady..more or less..and now working it’s way down.


3 posted on 07/12/2011 1:05:45 PM PDT by RummyChick
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To: RummyChick

The debt ceiling should be called the debt suggestion.


4 posted on 07/12/2011 1:06:11 PM PDT by Jet Jaguar
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To: RummyChick

GOP Snatches defeat from the jaws of victory.


5 posted on 07/12/2011 1:07:17 PM PDT by ConservaTexan (February 6, 1911)
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To: RummyChick

The boys are chickening out and the Dems will hit them over the head with that beginning NOW.

Wow. What a disapopointment.


6 posted on 07/12/2011 1:07:43 PM PDT by RexBeach (Mr. Obama can't count.)
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To: RummyChick

Yep, here is the compromise OweBama was begging for. Pubbies caved again.


7 posted on 07/12/2011 1:08:01 PM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: RummyChick
In other words the Repubs are caving. Way to go. Can't wait till 2012 to vote you out.....along with Obama.
8 posted on 07/12/2011 1:08:18 PM PDT by Shannon
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To: RummyChick

How does this impact the 2012 budget? I understand that the 2011 budget runs out on September 30, 2011 and none of the 2012 budget bills have been passed. I thought they would take care of the 2012 budget at the same time as the debt limit but this throws a monkeywrench in that. Or will they just give 0bama the right to write his own budgetalso?


9 posted on 07/12/2011 1:08:27 PM PDT by NRG1973
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To: RummyChick

“I plan to be really really really tough when confronting Obama, but if I’m not, I have another plan up my sleeve.”


10 posted on 07/12/2011 1:08:43 PM PDT by MNDude (so that's what they meant by Carter's second term)
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To: RummyChick

Arrrgggg! When will the people of Kentucky send this wuss into retirement?


11 posted on 07/12/2011 1:09:17 PM PDT by Wiser now (Socialism is the greed of the poor and the polticians who exploit them.)
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To: RummyChick

What part of NO does McConnell not understand?


12 posted on 07/12/2011 1:09:33 PM PDT by Godzilla (3-7-77)
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To: MNDude

all he had to do was mention Social security and the Republicans lost their gnads.


13 posted on 07/12/2011 1:09:33 PM PDT by RummyChick
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To: RummyChick

I’d sure like to get these guys in a poker game. They don’t know when to hold and when to fold.

NO DEBT CEILING INCREASE. NO TAX INCREASES.

Pretty simple if you ask me. But then, they aren’t asking me (us) are they?


14 posted on 07/12/2011 1:10:12 PM PDT by mark3681
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To: RummyChick
“McConnell deputy chief of staff Don Stewart said that Obama’s “threats about Social Security are no longer real if this bill passes.”

McConnell should call his bluff and make it clear that it is Obama who is pushing the old timers over the cliff.

Come on Mitch, you are old enough to retire if you can't win the PR war and lose re-election. At least you'd go down swinging. Grow a set!

15 posted on 07/12/2011 1:10:55 PM PDT by Retired COB (Still mad about Campaign Finance Reform)
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To: RummyChick

He added, “When the administration walked away from much of that yesterday afternoon, it became clear to us that we’d better be thinking about an alternative in the event that we couldn’t reach an agreement.”

Could it be more clear that they caved or attempted to cave? Did they even consider that the administration might have to think of an alternative? Wimps!


16 posted on 07/12/2011 1:11:08 PM PDT by satan (Plumbing new depths of worthlessness on a daily basis.)
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To: Godzilla

To me, this is kicking their responsbility down the road..they have a DUTY..and they are giving Obama carte blanche...can they even do that???


17 posted on 07/12/2011 1:11:12 PM PDT by RummyChick
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To: RummyChick

Get the tea party fired up to keep the House from going along with it!


18 posted on 07/12/2011 1:12:48 PM PDT by for-q-clinton (If at first you don't succeed keep on sucking until you do succeed)
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To: RummyChick
McConnell should put his efforts into getting the Senate to pass a budget, and then take the negotiations to the House-Senate budget reconciliation process.

It was Republican stupidity to negotiate directly with Obama. This gives Obama a platform to look presidential, and ultimately makes the Republicans look weak when they cave. Besides, and "deal" agreed to here still has to pass the House, and then the Senate will finally have to pass a budget that contains the "deal."

Instead, this should have stayed in Congress, forcing the Senate Democrats to go on the record with a plan, and making Obama look like the bystander that he really is.

-PJ

19 posted on 07/12/2011 1:13:24 PM PDT by Political Junkie Too (Everyone's Irish on St. Patrick's Day, Mexican on Cinco de Mayo, and American on Election Day.)
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To: RummyChick

I believe that many people are at the limit of tolerance, of this President and Congressional leaders of both Parties, and that we should be vigilant, watching and expecting violent physical reactions on the part of the general citizenry.

Don’t ask me what sort of actions - I haven’t a clue about what others intend. At this point, if I could leave the country, I would.

What we’re seeing in Washington, D.C., right now, is disgusting.


20 posted on 07/12/2011 1:13:29 PM PDT by SatinDoll (NO FOREIGN NATIONALS AS OUR PRESIDENT!)
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