Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

New backup plan would let Obama raise debt ceiling without congressional OK
Chicago Tribune ^ | 07/14/2011 | Lisa Mascaro

Posted on 07/14/2011 6:33:51 PM PDT by SeekAndFind

A plan by the Senate's two top leaders to allow President Obama to raise the debt limit without congressional approval is emerging as the most likely strategy to avoid a looming federal default.

The plan being drafted by Senate Minority Leader Mitch McConnell of Kentucky and Majority Leader Harry Reid of Nevada would lock in roughly $1.5 trillion in deficit reduction over the next ten years — a figure considerably smaller than Republican leaders or President Obama had been seeking. Administration officials have said they still would prefer a more sweeping deal on the deficit, but they signaled the idea would be acceptable to Obama.

Conservatives, particularly in the House, seem likely to oppose it. But with efforts to deliver a larger deficit-reduction deal still stalemated, the new plan, which builds on a proposal put forward earlier in the week by McConnell, could provide a way out of a dead end that has become politically and economically perilous.

House Speaker John Boehner (R-Ohio) indicated such "last-ditch" efforts may become more palatable in the time ahead.

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


TOPICS: Constitution/Conservatism; Culture/Society; Government; News/Current Events
KEYWORDS: bipartisan; boehner4obama; congress; debt; debtceiling; debtdeal; debtdealcavein; demagogueparty; economy; kingofthedeficit; mcconnell4obama; noaccountability; nohonesty; nojustice; notaxes4dnc; notaxes4geithner; notaxes4rangel; notruth; obama; rinos4obama; rinosfold; zfirepersons4pork; zpolice4pork; zsocialworkers4pork; zteachers4pork
Navigation: use the links below to view more comments.
first 1-5051-81 next last

1 posted on 07/14/2011 6:34:00 PM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

Well, what could go wrong with that?


2 posted on 07/14/2011 6:35:25 PM PDT by SuzyQue
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

All Hail King Urkel!


3 posted on 07/14/2011 6:35:54 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The House should not cave or trouble will ensue.


4 posted on 07/14/2011 6:36:03 PM PDT by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Would you buy a used car from Stinky Reid?


5 posted on 07/14/2011 6:36:16 PM PDT by FlingWingFlyer (Hey Barry! Compromise this!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

This travesty will NEVER “become more palatable, with time”, to people who understand what it says.


6 posted on 07/14/2011 6:37:41 PM PDT by nopardons
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Here it comes. Obama raises debt ceiling. A couple of changes in regulation, some MSM bull crap and all of a sudden companies start hiring again.

Unemployment rate drops, Obama looks like a god and gets 4 more years.

Thank you GOP.


7 posted on 07/14/2011 6:38:14 PM PDT by EQAndyBuzz (As long as the MSM covers for Obama, he will be above the law.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
This is insanity

Where does the man get such authority?

8 posted on 07/14/2011 6:38:14 PM PDT by Regulator (Watch Out! Americans are on the March! America Forever, Mexico Never!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The lunatics are really running the asylum. Wake up, America.


9 posted on 07/14/2011 6:38:31 PM PDT by the invisib1e hand ("America will cease to be great when America ceases to be good." -- Welcome to deToqueville.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Not just no, HELL NO!


10 posted on 07/14/2011 6:40:41 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

After the house rips this proposal to shreds, the senate republicans need to fire McConnell immediately.

This is totally asinine!

What is McConnell trying to do??? split the party BEFORE the debt ceiling is raised???

Is that the real “Backup plan”????


11 posted on 07/14/2011 6:40:48 PM PDT by Safrguns
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Anybody know when McConnell is up for re-election?


12 posted on 07/14/2011 6:41:03 PM PDT by Moorings
[ Post Reply | Private Reply | To 1 | View Replies]

To: Regulator

Replace all of congress. All Barack needs is 1 man/women with a rubber stamp.


13 posted on 07/14/2011 6:41:56 PM PDT by JimmyMc
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind
If that plan is done, it will be the beginning of the end of the GOP.

It will also assure that Sarah Palin will announce her candidacy.

These are the politics of an Obama created false crisis. It is one false crisis too many, meant to secure Obama's dictatorial liberal fascist power, a complete unconstitutional end run around Congress and the people.

Obama has become impeachable.

Photobucket

14 posted on 07/14/2011 6:44:45 PM PDT by Candor7 (Obama fascist info..http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Congress is about to make Obama a dictator.


15 posted on 07/14/2011 6:44:45 PM PDT by Brilliant
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Funny when this was first posted a day or two ago Freepers were tripping all over themselves howling it wasn’t true simply because Politico broke the story, now it turns out it is true...

Wake up folks the Repubs are just as much the problem as the RATs!!!!!


16 posted on 07/14/2011 6:44:59 PM PDT by The Magical Mischief Tour (If you want a Socialist, vote Democrat. If you want a Democrat, vote Republican.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

total abdication of Congressional responsibility


17 posted on 07/14/2011 6:46:36 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The House passed a budget already. I would bet that budget has a deficit. If it has a deficit, then that would imply that the Sec of Treasury has authority to borrow the money to cover that deficit, debt limit or no.


18 posted on 07/14/2011 6:46:47 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Safrguns

The House would pass it. There are only 80 or so “TEA partiers” out of 435 seats.


19 posted on 07/14/2011 6:47:53 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
[ Post Reply | Private Reply | To 11 | View Replies]

To: JimmyMc

OBAMA WON>>

They will cave...they are fools going up there... should have passed a bill..if the senate vetoed it you have a marker...now your marker is OBAMA got everything and we get nothing...three fools trying to make a deal...I’m never giving another dime to the GOP..Let the country go broke..Obama played the Gop for fools...if they let it go passed the dead line..the Rats will say this caused the economy to slow down..Send the senate a bill you fools.

I’m going to have a few Moose Drool BEERS>> GOP SUCKS
AND
Maybe some of this
•1 1/2 oz tequila
•1/2 oz triple sec
•dash of lemon or lime juice
•3 oz sour mix
•lime wedge for garnish
•salt or sugar to rim the glass (optional)


20 posted on 07/14/2011 6:47:53 PM PDT by Hojczyk
[ Post Reply | Private Reply | To 13 | View Replies]

To: Moorings
Not until 2014. But, Richard Lugar is up for reelection in 2012.
21 posted on 07/14/2011 6:48:01 PM PDT by bwc2221 (")
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

This is not ‘allowing’ him to raise the debt limit- it is raising the debt limit, period.

The Constitution would have to be amended to allow the president to sell debt on his own.

So it’s a lie, all a lie.


22 posted on 07/14/2011 6:48:19 PM PDT by mrsmith
[ Post Reply | Private Reply | To 1 | View Replies]

To: Regulator
This is insanity
Where does the man get such authority?

From weak-willed wimps incapable of exercising the appointed responsibility: to protect and defend the Constitution.

Men who will not confront evil will be consumed by evil.

Statesmen don't contrive cheap little political tricks that allow them to escape blame and responsibility. Politicians do.

23 posted on 07/14/2011 6:49:15 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Moorings

2014


24 posted on 07/14/2011 6:49:21 PM PDT by JPG (Palin '12)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind

Third party here we come.

Good bye Mitch. Good by John.

O wins in ‘12 and we go broke. Nice move assholes.


25 posted on 07/14/2011 6:50:16 PM PDT by Principled
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
This is the establishment Republican Party destroying its own base. This is suicidal nonsense brought to you by GOP traitors more interested in their own perks than in saving their country.

Our country is insolvent and it cannot be pushed into the future. WE ARE BROKE NOW!

We cannot be saved by these bastards in Washington.

This country cannot be saved by the political class. They are the ones who brought to this ruin.

26 posted on 07/14/2011 6:50:55 PM PDT by NoControllingLegalAuthority (What this country needs is an enema.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Safrguns

You missed all of yesterday’s discussions. You should go back and read through them.


27 posted on 07/14/2011 6:50:59 PM PDT by muawiyah
[ Post Reply | Private Reply | To 11 | View Replies]

To: okie01

28 posted on 07/14/2011 6:53:32 PM PDT by jimbo123
[ Post Reply | Private Reply | To 23 | View Replies]

To: SeekAndFind

They better not vote for this if they plan to be in office next time they run for election.


29 posted on 07/14/2011 6:55:19 PM PDT by leapfrog0202 ("the American presidency is not supposed to be a journey of personal discovery" Sarah Palin)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Candor7
These are the politics of an Obama created false crisis.

October 2008, Biden: "We're going to have...a generated crisis..."

$6 Trillion in debt added since 2006 qualify as a generated crisis?

30 posted on 07/14/2011 6:55:54 PM PDT by pgyanke (Republicans get in trouble when not living up to their principles. Democrats... when they do.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: muawiyah

>>> You missed all of yesterday’s discussions. You should go back and read through them.

No I didn’t. What’s your point?


31 posted on 07/14/2011 6:56:11 PM PDT by Safrguns
[ Post Reply | Private Reply | To 27 | View Replies]

To: muawiyah
You missed all of yesterday’s discussions. You should go back and read through them.

How 'bout you give us the Cliff's Notes?

32 posted on 07/14/2011 6:56:25 PM PDT by Principled
[ Post Reply | Private Reply | To 27 | View Replies]

To: bwc2221

Thanks. No wonder he is pulling this kind of stunt. They know that by re-election time folks will forget most of this.


33 posted on 07/14/2011 6:57:19 PM PDT by Moorings
[ Post Reply | Private Reply | To 21 | View Replies]

To: SeekAndFind

It’s got to pass the House....it ain’t goin’ happen...


34 posted on 07/14/2011 6:57:34 PM PDT by shield (Rev 2:9 "Woe unto those who say they are Judah and are not, but are of the synaGOGue of Satan.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moorings
They know that by re-election time folks will forget most of this.

No, I don't think so. This is like the obamacare vote. It will live on.

35 posted on 07/14/2011 6:58:30 PM PDT by Principled
[ Post Reply | Private Reply | To 33 | View Replies]

To: GeronL

>>> The House would pass it. There are only 80 or so “TEA partiers” out of 435 seats.

Total insanity... Absolutely NO WAY.

If they do, our republic is OVER.


36 posted on 07/14/2011 6:59:28 PM PDT by Safrguns
[ Post Reply | Private Reply | To 19 | View Replies]

To: SeekAndFind

The chicken sh** SOBs are going to cave. This is such BS. Boner and McConnell are such cowards. They don’t even believe their own BS about how great this plan is. Why not just raise the debt ceiling and give him the taxes, at least that way it would be constitutionally done instead of this illegal BS of giving the President this much power.


37 posted on 07/14/2011 6:59:49 PM PDT by calex59
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

That is one of the worst gutless ideas in the history of RINO losers who will never again get my vote for anything.


38 posted on 07/14/2011 7:01:14 PM PDT by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

DAMN DAMN DAMN!

Obamacare wasn’t doing a good enough job at bankrupting us?

So much for republican party. Tea Party gets my money and my time now... unless they can show me how 1.5 trillion over ten years [that’s 150 billion per year] is actually going to do anything. It won’t happen anyway.

Just damn.


39 posted on 07/14/2011 7:01:45 PM PDT by Principled
[ Post Reply | Private Reply | To 1 | View Replies]

To: Principled
It will live on.

I hope so.

40 posted on 07/14/2011 7:03:32 PM PDT by Moorings
[ Post Reply | Private Reply | To 35 | View Replies]

To: JPG

Thanks.


41 posted on 07/14/2011 7:04:48 PM PDT by Moorings
[ Post Reply | Private Reply | To 24 | View Replies]

To: shield

Wishful thinking. Republicans have already folded with the threat of a government shutdown, and they got all the freshman votes they needed in the house for that to pass. It will pass, even if Boehner has to force members of his party to vote for it. Others will be let off the hook once they figure out that they have the votes required to pass it. Depressing. At this point, I seriously doubt that any Republican who succeeds in deposing Obama will address spending seriously either. We’re being used.


42 posted on 07/14/2011 7:08:55 PM PDT by yup2394871293
[ Post Reply | Private Reply | To 34 | View Replies]

To: jimbo123
And ol' Mitch just proved he ain't no statesman.

He's just a cheap politician. And a cowardly one to boot.

43 posted on 07/14/2011 7:10:25 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
[ Post Reply | Private Reply | To 28 | View Replies]

To: SeekAndFind

McConnell is angling for retirement before his term expires.


44 posted on 07/14/2011 7:14:09 PM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Any Republican that votes for this must be eliminated from the party forever.


45 posted on 07/14/2011 7:14:24 PM PDT by Mariner (War Criminal #18)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I couldn’t get through to McConnell’s DC office, so here are a couple of his KY Office numbers. I just left a scathing message. I encourage you folks to take a quick second and make your sentiments known to this fool!

Louisville Office

601 W. Broadway
Room 630
Louisville, KY 40202
Phone: (502) 582-6304
_________________________

Lexington Office

771 Corporate Drive
Suite 108
Lexington, KY 40503
Phone: (859) 224-8286


46 posted on 07/14/2011 7:14:53 PM PDT by Artcore
[ Post Reply | Private Reply | To 1 | View Replies]

To: pgyanke; Beckwith; Fred Nerks; null and void; mojitojoe; TigersEye; LucyT

Yes, the government has enough monthly revenue to service all monthly debts. It does not have enough monthly revenue to finance Obama’s programs needed for his re-election.

It is a false crisis.Cut the socialist programs Obama has, such as 8 billion to Acorn, and there is no crisis at all.

Obama is essentially borrowing all that money to be re-elected. It is doomed to failure and he will take the country down with him in his own ruination.Its all about Obama, not about the country.

And it will spell the utter end of the GOP. There is an upside.The Tea Party will replace the GOP if the debt ceiling is raised according to the supposed “ McConnell plan,”an end run around Congress and the people.It will also assure that Palin will declare her candidacy.And she will win.


47 posted on 07/14/2011 7:15:58 PM PDT by Candor7 (Obama fascist info..http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
[ Post Reply | Private Reply | To 30 | View Replies]

To: SeekAndFind
Giving Obama permission to raise taxes without Congressional approval is like giving a drunk the key to the liquor cabinet.
48 posted on 07/14/2011 7:17:17 PM PDT by bwc2221 (")
[ Post Reply | Private Reply | To 1 | View Replies]

To: shield

The McConnell Plan will not require it to pass the House , thats the point.


49 posted on 07/14/2011 7:17:44 PM PDT by Candor7 (Obama fascist info..http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
[ Post Reply | Private Reply | To 34 | View Replies]

To: SeekAndFind

I’m a little confused. O bummer says he can’t guarantee that Soc Sec. cheks will go out on 8/3, right? Yet he always refers to it as the Soc. Sec Trust fund in a “lockbox”.This lock box is good through 2035. So if the money isn’t in a lock box are you saying Soc Sec. is already bankrupt???? Nah, couldn’t be/s.
McConnell, you should be ashamed of yourself you weasel.


50 posted on 07/14/2011 7:19:45 PM PDT by Phinanceguy
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-81 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson