Skip to comments.McConnell proposes giving Obama debt ceiling power
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 ...
Very bad idea. McConnell needs an intervention, STAT.
He must be having a stroke. Call 911.
How stupid can you be?
What in the hell is the matter with this man???
Say Bye Bye McConnell!
Obozo will not go for it, he wants a no strings attatched deal with tax increases.
Did someone find naked pics of MM or is this BS?
Doesn't make any sense.
“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.
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.
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.
I have yet to see any strings attached to this gift.
@JimPethokoukis James Pethokoukis Very good GOP Hill source: Even a $2.4tr plan a tough sell now in House
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
It was just a matter of time ‘til this bunch waved the French flag, a white one, that is.