Senate Debt Deal Weakens Congress on Debt Ceiling (Makes raising it pretty much automatic)

Breitbart ^ | October 16, 2013 | Kerry Picket

[2ndDivisionVet]

Capitol Hill talk regarding the Senate deal apparently includes a provision that would take away the Congress’ power to increase the debt ceiling. According to Politico, it looks like the buzz appears to be true.:

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...

[Iron Munro]

McConnell is a traitor, pure and simple.

[Conservative_caterer]

This Is The Best Description I’ve Yet Heard Of Last Nights Debacle.

[SC_Pete]

thanks—and unfortunately it’s true. By effectively negotiating away the Power of the Purse from Congress, we now live in a DICTATORSHIP. The coup is just about complete: AMNESTY AND OBAMACARE will redistribute our nation’s wealth to the world and we will be left with some tumble weeds in Nevada.

[RedMDer]

Please donate today!

[Georgia Girl 2]

At this point I say just let them keep raisig the debt ceiling until finally we crash. There is no way to stop the train now its going down the tracks too fast.

There is a reason Chase is going to stop allowing clients to wire money out of the country and limit business cash activity to $50,000 per month. Most likely its to prepare for currentcy controls or bank closings.

I say forward to the crash. We have to eat up all that survival food sometime.