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McConnell proposes giving Obama debt ceiling power
MSNBC ^ | 7/12/2011 | msnbc

Posted on 07/12/2011 3:05:57 PM PDT by tobyhill

The top Republican in the Senate proposed on Tuesday giving President Barack Obama sweeping new power to, in effect, unilaterally increase the nation's debt limit to avoid a first-ever default on U.S. obligations.

The new mechanism would take the place of the current White House debt negotiations among congressional leaders and Obama. Those talks over spending cuts and tax increases have grown increasingly acrimonious.

Minority Leader Mitch McConnell, R-Ky., offered a new plan to allow the president to demand up to $2.4 trillion in new borrowing authority by the summer of next year in three separate submissions.

Those increases in the so-called debt limit would automatically take effect unless both the Republican-controlled House and the Democratic Senate enact legislation specifically disapproving it.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: mcconnell4mcconnell; unconstitutional
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1 posted on 07/12/2011 3:06:01 PM PDT by tobyhill
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To: tobyhill

Very bad idea. McConnell needs an intervention, STAT.


2 posted on 07/12/2011 3:08:38 PM PDT by savedbygrace (But God.)
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To: tobyhill

He must be having a stroke. Call 911.


3 posted on 07/12/2011 3:08:42 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: tobyhill

How stupid can you be?


4 posted on 07/12/2011 3:08:50 PM PDT by NYCslicker
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To: tobyhill
Gesetz zur Behebung der Not von Volk und Reich
5 posted on 07/12/2011 3:09:10 PM PDT by mvpel (Michael Pelletier)
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To: tobyhill

What in the hell is the matter with this man???


6 posted on 07/12/2011 3:09:17 PM PDT by Outlaw Woman (Palin/Perry 2012)
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To: screaminsunshine

Satire?


7 posted on 07/12/2011 3:09:46 PM PDT by scooby321
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To: tobyhill

Say Bye Bye McConnell!


8 posted on 07/12/2011 3:10:01 PM PDT by Brandonmark (2012: Our Hope IS Change!)
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To: NYCslicker
This would never pass the House and that maybe what he and Boehner discussed.
9 posted on 07/12/2011 3:11:14 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: tobyhill

Obozo will not go for it, he wants a no strings attatched deal with tax increases.


10 posted on 07/12/2011 3:12:50 PM PDT by boomop1
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To: tobyhill

wtf?


11 posted on 07/12/2011 3:12:50 PM PDT by Williams (Honey Badger Don't Care)
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To: tobyhill
Wait a minute, earlier today he was saying Obama was the problem that wouldn't be solved while he's in office, now this?

Did someone find naked pics of MM or is this BS?

Doesn't make any sense.

12 posted on 07/12/2011 3:12:50 PM PDT by Las Vegas Ron (Woah, Obama will appease Trump, but not Lakin? Thanks LSM)
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To: Outlaw Woman

“What in the hell is the matter with this man???”

***

What’s the matter with all of the Republicans? You know in the end they will capitulate to the Dems. Leadership is non-existent in that party.


13 posted on 07/12/2011 3:13:23 PM PDT by fatnotlazy
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To: tobyhill

http://www.nationalreview.com/corner/271708/initial-reaction-house-seems-cool-rich-lowry


14 posted on 07/12/2011 3:14:48 PM PDT by NYCslicker
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To: tobyhill

Please. Write to your Congress critters and Senate sitters after Googling Agenda Documentary, The grinding of America.; You can purchase the DVDs to show your families and friends. And watch the following video:

This 6-minute video is from a retired US Army Lt. General and Green Beret. He provides vital information that has come as a result of decades in military service.

Watch this bone chilling video and then forward to everyone you know.

http://www.morningstartv.com/oak-initiative/marxism-america


15 posted on 07/12/2011 3:15:31 PM PDT by Paperdoll (NO MORE BUSHS!)
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To: Outlaw Woman
What in the hell is the matter with this man???

The same thing that's wrong with most of the Republicans in Washington.

They have nightmares of making the wrong decision and seeing tanks and armored personnel carriers prowling the streets of Washington.

Democrats, on the other hand, see tanks and APCs on the streets of Washington in their fondest daydreams. That's the basic difference, and it explains everything.

16 posted on 07/12/2011 3:16:55 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: boomop1
Obozo will not go for it, he wants a no strings attatched deal with tax increases.

I have yet to see any strings attached to this gift.

17 posted on 07/12/2011 3:17:30 PM PDT by Cementjungle
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To: NYCslicker
Add this via Twitter;

@JimPethokoukis James Pethokoukis Very good GOP Hill source: Even a $2.4tr plan a tough sell now in House

18 posted on 07/12/2011 3:17:30 PM PDT by Rational Thought
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To: tobyhill

Based on the posts so far it seems nobody on this thread so far has ever played poker before

Ever hear of giving someone enough rope to hang themselves

McConnel just gave Obama a nice long length to play with


19 posted on 07/12/2011 3:20:58 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: tobyhill

It was just a matter of time ‘til this bunch waved the French flag, a white one, that is.


20 posted on 07/12/2011 3:21:40 PM PDT by izzatzo (Palin2012, she's one of us.)
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To: Las Vegas Ron

” Doesn’t make any sense. “

Uh....McConnell is a wimp.


21 posted on 07/12/2011 3:21:52 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: tobyhill

Geithner’s 48 hour deadline and 0bama’s threat to SS recipients and who knows who else.

McConnell’s statement was released mid-afternoon. 0bama/Reid/Pelosi don’t get the evening news cycle unobstructed, and the Dems must now defend not only their flanks, but also their rear. They must defend their own point of view now.


22 posted on 07/12/2011 3:22:05 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: scooby321

I do not know. There must be some explanation besides the GOP is just a wing of the RAT socialist Party. But what?


23 posted on 07/12/2011 3:22:25 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: tobyhill

whut??????

why would this be a good idea?????

The man-child teenager stages a public tantrum so instead of cash they give him a checkbook and a line of credit?

It ain’t a debt ceiling, it’s a debt suggestion?

The so-called comet headed this way ain’t a comet so nothing matters after this year anyway?

WHUT?


24 posted on 07/12/2011 3:22:48 PM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: Las Vegas Ron
Wait a minute, earlier today he was saying Obama was the problem that wouldn't be solved while he's in office, now this?

The problem here is no one on this site, can read or think for themselves anymore.

Y'all sound like the yahoos SanFran Nan paints you to be.

McConnell proposes to make that loying prick in the White House, PUT IT IN WRITING. Taking away his political BS.

Right now, BarryO is positioning himself for max political gain, and zero downside.

Mitch's move kills that.

25 posted on 07/12/2011 3:23:26 PM PDT by hobbes1 (Hobbes1TheOmniscient® "I know everything so you don't have to...." ;)
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To: tobyhill

I need different sources. I believe absolutely NOTHING from a proven enemy of our country.


26 posted on 07/12/2011 3:23:26 PM PDT by Gator113 (Palin 2012, period.....)
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To: izzatzo

Some people actually think this is a brilliant GOP trick. Amazing.


27 posted on 07/12/2011 3:23:33 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: Las Vegas Ron
Did someone find naked pics of MM or is this BS?

My first thought also. Holder has pictures.

28 posted on 07/12/2011 3:23:59 PM PDT by giotto
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To: Popman
Seriously. I love this plan. Obama holds a leaky can of gasoline and McConnell just gave him a book of matches to play with.

LOL. I LOVE it!

29 posted on 07/12/2011 3:25:33 PM PDT by atc23 (The Confederacy was the single greatest conservative resistance to federal authority ever.)
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To: Cementjungle
Obama would take the money and give no cuts in return.

McConnell already put himself in a box by claiming the GOP won't let the country to “default”.

30 posted on 07/12/2011 3:25:48 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: hobbes1

The GOP is going to sign on to “The Grand Bargain”.


31 posted on 07/12/2011 3:26:36 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: tobyhill
McConnell doesn't belong in a leadership position anyway. He acts and talks like a frightened turtle. A complete embarrassment. Almost any Republican in the Senate would be a better spokesperson.


32 posted on 07/12/2011 3:27:51 PM PDT by Cinnamontea
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To: Cementjungle

From article:

The Republican plan would require that Obama submit spending cuts along with his borrowing requests.


33 posted on 07/12/2011 3:28:01 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: tobyhill
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!


34 posted on 07/12/2011 3:28:19 PM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Popman

We shall see,....


35 posted on 07/12/2011 3:28:19 PM PDT by Osage Orange (MOLON LABE)
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To: tobyhill

Please tell me this is a joke!! Either that, or someone must have drugged the guy! When facing a tough political situation the answer is NOT to award power to a would-be dictator in the hopes that people will blame him for the problems and not you... That’s the ONLY reason I can possibly see for this suggestion. To all the Republicans in Washington — how can you POSSIBLY be so selfish and narrow-minded, to even CONSIDER granting even MORE power to an already lopsided Executive Branch??? I really want to hear other Republicans blasting McConnell for even SUGGESTING this in the first place!


36 posted on 07/12/2011 3:29:38 PM PDT by LibertyRocks
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To: Popman

But once he has the money then he doesn’t have to cut regardless what he says.


37 posted on 07/12/2011 3:30:11 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: tobyhill; All

I just read the Wall Street Journal.
article on the McConnell proposal, and I didn’t get the same impression...let me go back and read it again ...


38 posted on 07/12/2011 3:30:44 PM PDT by Recovering_Democrat
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To: tobyhill; All

I just read the Wall Street Journal.
article on the McConnell proposal, and I didn’t get the same impression...let me go back and read it again ...


39 posted on 07/12/2011 3:30:49 PM PDT by Recovering_Democrat
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To: screaminsunshine
Some folks actually believe the MSM....

Crazy!!

40 posted on 07/12/2011 3:31:57 PM PDT by Osage Orange (HE HATE ME)
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To: Osage Orange

No, I think this is brilliant. They have Obama boxed into the corner.

1) he cannot say the Republicans are obstructing the deal because he controls the spending
2) he has to submit cuts to get the spending approved
3) he totally owns when and the amount that the debt limit gets increased
4) there is no discussion of tax increases
5) if Obama refuses it, the responsibility is his if default happens

Let’s see how this plays out, my gut reaction is that this might be a very good chess move.


41 posted on 07/12/2011 3:32:32 PM PDT by Free America52 (The White guys are getting pissed off. We beat Hitler Hirohito and Krushchev. Obama will be easy.)
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To: Rational Thought

McConnell has decided there is absolutely no chance of a deal to raise the limit. He knows the House is not going to go for a tax increase and has now concluded obama and the dims will opt for the default option. He knows the media will pin it on the Pubs and it’s going to be 24/7 news of granny having no more SS money so she can no longer buy cat food for her supper.

Simply stated, McConnell thinks the dims will win the propaganda war over the fallout from the feds allegedly running out of money, so he comes up with a plan to let obama and the dims unilaterally raise the debt limit and take the blame for it.

I don’t think his plan will fly and I think we are going to find out where the blame chips fall if 44% of fed spending is instantly cut and the stock market drops 600 points.


42 posted on 07/12/2011 3:32:32 PM PDT by San Jacinto
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To: tobyhill
Mitch's Final Grades:

A+: In cowardly, aisle-crossing appeasement.

F-: In the likelihood of possessing an actual phallus of his very own.

43 posted on 07/12/2011 3:32:50 PM PDT by EyeGuy (2012: When the Levee Breaks)
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To: tobyhill
Mitch's Final Grades:

A+: In cowardly, aisle-crossing appeasement.

F-: In the likelihood of possessing an actual phallus of his very own.

44 posted on 07/12/2011 3:32:50 PM PDT by EyeGuy (2012: When the Levee Breaks)
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To: Popman

McConnell just gave Obama the US Constitution.


45 posted on 07/12/2011 3:33:42 PM PDT by Lauren BaRecall (Boehner, you B@st@rd!)
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To: tobyhill

What a Jack***, the fix is in. Do we loathe these people??


46 posted on 07/12/2011 3:34:17 PM PDT by JSDude1 (December 18, 2010 the Day the radical homosexual left declared WAR on the US Military.)
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To: mvpel

Genau.


47 posted on 07/12/2011 3:34:24 PM PDT by cinciella
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To: Popman
Then it's bad reporting. Here is Ezra Klein writing in the WaPo:

The debt deal Mitch McConnell is offering is confusing a lot of people, so here’s the core of it: Until now, Republicans have wanted a policy payoff for permitting President Obama and the Democrats to raise the debt ceiling. McConnell is proposing to replace that with a political payoff. That’s it. That’s the deal. The question is why House Republicans would go for it.

The process McConnell is proposing would go like this: First, Obama would submit a request for a $700 billion increase in the debt ceiling, along with a nonbinding proposal to cut spending. That would automatically trigger a $100 billion increase in the debt ceiling to give Congress time to consider the request. Congress could then vote to either approve or disapprove of the president’s request. If they disapprove of it, however, Obama could veto their disapproval, and unless two-thirds of both chambers voted to overturn his veto — a virtually unthinkable outcome given that Democrats control the Senate — he could raise the debt ceiling anyway…

My guess is McConnell is about to suffer a serious backlash from his base. As much as the Senate minority leader’s political incentives might differ from those of the speaker of the House, his ideological incentives are supposed to be the same. And if you believe, as most Republicans do, that the debt ceiling offers a generational opportunity to extract huge concessions from the Democrats, then walking away from that leverage simply isn’t an option, and any member of the Republican leadership who proposes to do so has to be seen as intensely suspect.

Notice the wording in proposed cuts - nonbinding.

48 posted on 07/12/2011 3:34:29 PM PDT by Fledermaus (Mitt Romney makes Nelson Rockefeller look like Ronald Reagan. NO MITT 2012.)
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To: hobbes1

Both you and McConnell are making the error of believing your opponent is one who will negotiate in good faith. He won’t. As you wrote, he’s a liar. What is more disturbing, is that he is suicidally bent on destroying America.

Giving such a monster control of the debt ceiling is insane. What does our Dear Leader care if blame is to be apportioned? He will simply lie about it, and his Media minions will spread the lie, and more debt is piled upon the Nation.

McConnell is a fool. He should have shut his mouth and played out what was a winning hand. But, he has blinked and now the whole strategy is in ruins. The Dear Leader wins again, courtesy of a stupid RINO.


49 posted on 07/12/2011 3:34:40 PM PDT by BrewingFrog (I brew, therefore I am!)
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To: hobbes1

Exactly

Is it really that hard to understand what McConnel is doing ?

Obama will reject the offer


50 posted on 07/12/2011 3:34:49 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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