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 ...
” 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!!
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.