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???
Satire?
Say Bye Bye McConnell!
Obozo will not go for it, he wants a no strings attatched deal with tax increases.
wtf?
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.
http://www.morningstartv.com/oak-initiative/marxism-america
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.
” Doesn’t make any sense. “
Uh....McConnell is a wimp.
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.
I do not know. There must be some explanation besides the GOP is just a wing of the RAT socialist Party. But what?
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?
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.
I need different sources. I believe absolutely NOTHING from a proven enemy of our country.
Some people actually think this is a brilliant GOP trick. Amazing.
My first thought also. Holder has pictures.
LOL. I LOVE it!
McConnell already put himself in a box by claiming the GOP won't let the country to “default”.
The GOP is going to sign on to “The Grand Bargain”.
From article:
The Republican plan would require that Obama submit spending cuts along with his borrowing requests.
We shall see,....
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!
But once he has the money then he doesn’t have to cut regardless what he says.
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 ...
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 ...
Crazy!!
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.
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.
A+: In cowardly, aisle-crossing appeasement.
F-: In the likelihood of possessing an actual phallus of his very own.
A+: In cowardly, aisle-crossing appeasement.
F-: In the likelihood of possessing an actual phallus of his very own.
McConnell just gave Obama the US Constitution.
What a Jack***, the fix is in. Do we loathe these people??
Genau.
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.
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.
Exactly
Is it really that hard to understand what McConnel is doing ?
Obama will reject the offer
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