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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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To: hobbes1; screaminsunshine
"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"

I'm with you, hobbsy - it's like no one on this site leans back and engages their brainpan before hitting REPLY.

This plan ain't gonna go over well with Obama and the criminal underclass - they're not going to like it one little bit. It forces them to come out in the open and cockroaches just hate that.

51 posted on 07/12/2011 3:35:18 PM PDT by atc23 (The Confederacy was the single greatest conservative resistance to federal authority ever.)
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To: San Jacinto

Stock market will drop more like 6000 points not 600. You terminate 12% of GDP propped up by Governement spending your talking a huge mess but one that has to happen.


52 posted on 07/12/2011 3:36:22 PM PDT by Captain Peter Blood
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To: tobyhill

Just called his office (which is closed). The mail box is full. Can’t leave a message. HA! He must be hearing from a lot of people.


53 posted on 07/12/2011 3:36:38 PM PDT by HarleyD
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To: tobyhill

McConnell, as usually, has the toughness of a butterfly. He has no business being in Congress, and no business ‘leading’ anything.

His proposal is incredibly stupid, and no conservative will fall for it. It is an attempt to give in to Obama while fooling his idiot constituents - who must be idiots, since they vote for him.


54 posted on 07/12/2011 3:36:45 PM PDT by Mr Rogers
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To: tobyhill

Reading from an MSNBC source, granted not a very reliable one, it has come to my attention that you have taken some sort of action that has prompted that news outlet to state:

- - - - -

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.

- - - - -

Senator, if this is true, it is of grave concern to me.

It is of such grave concern, that I am contacting you from California. Your actions, if even close to being accurately described here, will doom the citizens of my state as surely as they will your home state’s citizens, and all other state’s citizens.

Please rethink any actions along these lines and scrub them post haste.

We must cut spending now. We must get our national debt under control. We must not give the President these sorts of powers at a time like this.

With all due respect, no.


55 posted on 07/12/2011 3:38:24 PM PDT by DoughtyOne (F me, you, everybody, the new Dem/Pubie compromise. No debt reduction, + wild spending forever...)
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To: hobbes1
The problem here is no one on this site, can read or think for themselves anymore.

Pffft, take your own advice and go back an read my comment, carefully.

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

Got mirror?

Mitch's move kills that.

We'll see, do you TRUST him?

56 posted on 07/12/2011 3:38:27 PM PDT by Las Vegas Ron (Woah, Obama will appease Trump, but not Lakin? Thanks LSM)
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To: Free America52
How would we know when Obama will actually cuts?

He could claim he just cut $100 billion from Medicare and never has to cut a thing.

57 posted on 07/12/2011 3:40:24 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: tobyhill

Something is WRONG with Senator McConnell.

Hand Obama a loaded sidearm, and give him the option of pulling the trigger any time he wants?

The “debt limit” is an artificial figure anyway, a legal fiction that is supposed to give the US Treasury cover to further debase currency by monetizing debt.

If the Treasury needs more cash flow, the revenue is best provided by removing the restrictions on the operation of business and commerce in this country, and giving investors a reason to undertake new enterprises, without having to jump through endless regulatory hoops, only to be denied because they did something that some watchdog group thought was “unfair”.

The cash flow of revenue to the Treasury could be greatly assisted by making the availability of energy (coal, oil, natural gas and nuclear power generation) much wider than now permitted. Wealth is created by conversion of energy sources to useful goods and services, and the less expensive the costs of energy, the more efficiently goods and services may be produced. And with widespread production of goods and services, the more revenue may be provided to the Treasury, all the while never putting an onerous burden on the producers.


58 posted on 07/12/2011 3:41:47 PM PDT by alloysteel ("Devastate your rivals, take no prisoners, smash mouths, glare meaningfully.")
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To: hobbes1

This isn’t about playing politics. This is about saving this country. It’s a little late for these games.


59 posted on 07/12/2011 3:41:49 PM PDT by teg_76
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To: Popman

Political jiu-jitsu was my first, hopeful, thought.

I hope we’re both right.


60 posted on 07/12/2011 3:43:16 PM PDT by Erasmus (I love "The Raven," but then what do I know? I'm just a poetaster.)
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To: Popman

Instead of playing games -— poker, chess or otherwise -—how about STANDING FOR SOMETHING???


61 posted on 07/12/2011 3:44:23 PM PDT by La Enchiladita
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To: tobyhill; All
From the WSJ:

The McConnell plan essence would put in place a procedure that could allow three separate increases in the country's debt ceiling totaling $2.5 trillion through the end of 2012.

But his plan would require a bill to be passed in both the House and Senate in the next two weeks, something that likely faces long odds.

I wonder if some more analysis is needed...does Mitch's plan call for an increase in the debt limit with NO cuts? There is a different dynamic going on now, as opposed to when Clinton was in office. First of all, Clinton was somewhat popular...Hussein is not. Second, Hussein "owns the economy", in the words of his own chair-poodle AND in the minds of voters. He has gotten his stimulus, he got his Deathcare Law, and he got his much-ballyhooed "financial reform". Third, the election was less than a year ago. People aren't ready to demonize Republicans, whom they view as a balance to Hussein.

I think Hussein comes across to Joe Six Pack as an unlikeable snob. None of the Republicans do. Ergo, this really is a problem for the Dear Reader.

62 posted on 07/12/2011 3:44:31 PM PDT by Recovering_Democrat
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To: hobbes1

I agree, at least to this extent: what McConnell is proposing isn’t something you can deal with by calling him names. That’s the response syndrome the liberals have fallen into because they don’t have any facts from which to argue.

If his is a bad idea, it won’t be because of the quality of the invective aimed at him. Not much thought in this string of posts.


63 posted on 07/12/2011 3:46:23 PM PDT by arfingcat
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To: fatnotlazy

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.


I just saw Boehner on Fox being interviewed by Bret Bair. Boehner acted like a neutral mediator instead of a leader. Reagan would be ashamed of the lot of them.


64 posted on 07/12/2011 3:48:24 PM PDT by Starboard
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To: San Jacinto
I have seen nothing to verify that the sun won't rise on August 3rd should the debt ceiling not be raised.

Media will certainly attempt to spin this as the Republicans are to blame. Let them.

To those not paying attention (or as Obama thinks of them, the little people), if nothing catastrophic indeed occurs, Obama looks like an idiot. If there are consequences, the blame would be placed on the party in power.

This is what gets me. Republicans hold all the cards. Why would they fold on core principles and commit possible political suicide? Is McConnell honestly this easily intimidated?

65 posted on 07/12/2011 3:54:42 PM PDT by Rational Thought
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To: tobyhill
A cave by the establishment Republicans was inevitable. It should have been a Las Vegas betting line (maybe it was I just haven't heard about it). Next election the RINO’s all need conservative primary opponents.
66 posted on 07/12/2011 4:01:19 PM PDT by Hamilcar_Barca
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To: tobyhill

NRO has a poll:

http://www.nationalreview.com/


67 posted on 07/12/2011 4:02:15 PM PDT by NYCslicker
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To: Popman

What he’s doing is very simple. He’s trying to fix it so that the gop can’t be blamed when Obama increases the debt. In other words his opposition to increasing the debt is more based on his fear of us than his own determination to balance the budget.


68 posted on 07/12/2011 4:02:15 PM PDT by Brilliant
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To: NYCslicker

Pretty stupid.


69 posted on 07/12/2011 4:10:02 PM PDT by Jerrybob
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To: La Enchiladita
Instead of playing games -— poker, chess or otherwise -—how about STANDING FOR SOMETHING???

Standing for principles is an excellent idea in almost every aspect of life.....

Standing for principles when dealing with immoral, unethical, craven psychopathic vermin like Obama, Reid, Pelosi, Schumer, Frank, Durbin will get you run over like a June bug on a Amtrak rail

You play the political games or you lose.

It saddens me to know end that our system has become so corrupt, so craven, so broken that decent honest men and women have no chance of winning by being statesman and presenting principled position

70 posted on 07/12/2011 4:12:02 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: Outlaw Woman

This worm is a statist liberal puke. I hope to God Rand Paul and DeMint recruit a conservative alternative to this judas when it runs again. I have voted republican for 40 yrs in Kentucky but by the Eternal I will not vote for this POS again!


71 posted on 07/12/2011 4:13:12 PM PDT by sarge83
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To: Lauren BaRecall
McConnell just gave Obama the US Constitution.

What' that old thing...

Got news for you...Obama doesn't want it.

72 posted on 07/12/2011 4:18:57 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: All
All the GOP has to do, instead of making this whole thing sound difficult, is in the House pass a debt ceiling increase of $1 trillion with $1 trillion in cuts over a 2 year period.

If the Senate Rats or Obama reject it then it's on them, period.

73 posted on 07/12/2011 4:19:18 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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74 posted on 07/12/2011 4:22:58 PM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list.)
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To: sarge83
I have voted republican for 40 yrs...

Exactly the sentiments I feel. For all of my voting life, apparently I've been voting for the 'enemy' of this nation.

75 posted on 07/12/2011 4:24:16 PM PDT by Outlaw Woman (Palin/Perry 2012)
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To: Brilliant
What he’s doing is very simple. He’s trying to fix it so that the gop can’t be blamed when Obama increases the debt.

Totally agree....and can hardly blame him.

Cuts, I mean the deep cuts we need to do are not going to happen as long as the Senate is controlled by the Dims...They have 2/3 of the legs of federal power and this game of chicken will cost the GOP for 2012 when the MSM gets done demonizing them and the long term goal is to control all three branches in 2012 to actual fix these problems

In other words his opposition to increasing the debt is more based on his fear of us than his own determination to balance the budget.

With Reid in control of the Senate can the budget be balanced.....I think not

76 posted on 07/12/2011 4:25:04 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: Popman
You play the political games or you lose.

Yup. It takes more than being right to be a successful politician. If being right were all it took, most of our problems would be solved over night. Unfortunately, most people have no idea how government works and are otherwise completely politically ignorant and gullible.

People are sadly, sorely and utterly mistaken if they think the Republicans can just speak the truth and that will be enough. It isn't.

The public will be against raising the debt limit until precisely the moment programs aren't funded and/or entitlement money is even remotely jeopardized. At that point the bulk of what passes for the current American public will raise holy hell that Grandma might not get her check or poor people missed their food stamps - and Obama is positioning himself to blame the whole thing on the Republicans. This is the becoming the centerpiece (along with scare the seniors about the Ryan Medicare plan) of Obama's 2012 re-elect campaign.

We have to make our case in such a way that forces Obama and his minions to blink first and accept significant cuts with no tax increases - and we have to set the stage where if no resolution comes to pass and the government can't pay for all these entitlements that Obama gets the blame.

77 posted on 07/12/2011 4:30:54 PM PDT by Longbow1969
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To: Rational Thought

buy lots of food, bullets, and prepare....... we are going down..... country overboard.............


78 posted on 07/12/2011 4:40:54 PM PDT by sentient
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To: Las Vegas Ron
Maybe you were out the day they taught Reading, in Reading class.

McConnell said he reluctantly offered the unusual proposal because it has become clear the negotiations with Obama are not going anywhere.
The Republican plan would require that Obama submit spending cuts along with his borrowing requests.

Obama, Please put it in WRITING..Thank you Mitch.

Or did you need it in a different language? I know MSNBC can be hard to decipher...?

79 posted on 07/12/2011 4:47:06 PM PDT by hobbes1 (Hobbes1TheOmniscient® "I know everything so you don't have to...." ;)
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To: teg_76

See above, Mitch is not Playing a game, he’s preventing Obama from playing one. FCOL!


80 posted on 07/12/2011 4:47:53 PM PDT by hobbes1 (Hobbes1TheOmniscient® "I know everything so you don't have to...." ;)
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To: Longbow1969
McConnell whole point of this proposal is to get Obama to put his cuts in writing so when the time for the dims comes to demagogue and demonize the GOP for cutting entitlements the GOP can say "these are your cuts Mr. President"

That's why obama will never sign off on it

81 posted on 07/12/2011 5:07:33 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: boomop1
Obozo will not go for it, he wants a no strings attatched deal with tax increases.

If I understand it .. Obama will have to state what cuts in spending he will make (To equal the ceiling debt raise) but .. Here's the kicker: He can then veto those cuts later!?

82 posted on 07/12/2011 5:09:14 PM PDT by freejohn ("Never argue with a fool; onlookers may not be able to tell the difference." --- Mark Twain)
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To: Popman

But he will be given the Option to veto those cuts later!


83 posted on 07/12/2011 5:10:59 PM PDT by freejohn ("Never argue with a fool; onlookers may not be able to tell the difference." --- Mark Twain)
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To: hobbes1

Perhaps on its face.

But note that the unilateral Zero increase would have to come with equivalent cuts, which Congress can reject with a “resolution of disapproval”, which Zero can then veto!

So if he vetoes the “disapproval” he gets the increase!!! And there is nothing that says the equivalent spending cuts must be immediate. He can raise the limit to fund his pet socialist causes and push off the spending cuts to 2050 if he wants. Where’s the “win” in that?

Do you really think the complicit media and sheeple will place any of the blame for the resulting economic disaster where it belongs? Of course not, the Republicans will be blamed for letting Zero play the happy socialist Pied Piper with all OUR money.


84 posted on 07/12/2011 5:14:33 PM PDT by GatorGirl (Herman Cain 2012)
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To: hobbes1
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.

Before you go insulting everyone and looking like an A$$ .. perhaps YOU need to look at the entire 'sell-out'!?

There is also an option in there that gives Obama the power to VETO the very cuts that he proposes later!

85 posted on 07/12/2011 5:15:37 PM PDT by freejohn ("Never argue with a fool; onlookers may not be able to tell the difference." --- Mark Twain)
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To: Popman
McConnell whole point of this proposal is to get Obama to put his cuts in writing so when the time for the dims comes to demagogue and demonize the GOP for cutting entitlements the GOP can say "these are your cuts Mr. President"

Yup, that is how it looks to me as well. Seems like a good strategy.

86 posted on 07/12/2011 5:24:30 PM PDT by Longbow1969
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To: freejohn
I guess if it looks like a gimmick it is one, and if we fail here we might as well turn out the lights, it's over.
87 posted on 07/12/2011 5:33:44 PM PDT by boomop1
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To: hobbes1

What you are saying makes no frickin’ sense at all. There can be no upside to giving the traitor in the WH unlimited power in regards to the debt ceiling.


88 posted on 07/12/2011 5:34:36 PM PDT by calex59
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To: Las Vegas Ron
Did someone find naked pics of MM or is this BS?

It would be foolish to attempt to blackmail Mitch McConnell with naked pictures of himself because it would be us, the viewing public, who would do anything to keep them from being released.

89 posted on 07/12/2011 5:35:33 PM PDT by liberalh8ter
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To: Popman
The Republican plan would require that Obama submit spending cuts along with his borrowing requests.

BFD. A "cut" could be anything... like a 10% "cut" in his proposed 500% increase in ACORN funding.

90 posted on 07/12/2011 5:42:15 PM PDT by Cementjungle
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To: freejohn

He will be veto his own cuts then because he has to submit them in writing

He will never sign off on this for that reason and McConnell knows it


91 posted on 07/12/2011 5:42:34 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

Most of you guys haven’t thought this through and have this one wrong. If the Republicans do a real long term deal with Obama with significant cuts, Obama is suddenly the President who is the deficit hawk and is easily reelected.

Far better off to do what McConnell suggests and have the long term debt bomb hanging over Obama’s head going into the election. He has no plan, so every Republican can run on a long term fix of the out of control spending. And Obama will again have to ask for a debt limit increase two more times.


92 posted on 07/12/2011 6:21:45 PM PDT by Oldhunk
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To: tobyhill

Most of you guys haven’t thought this through and have this one wrong. If the Republicans do a real long term deal with Obama with significant cuts, Obama is suddenly the President who is the deficit hawk and is easily reelected.

Far better off to do what McConnell suggests and have the long term debt bomb hanging over Obama’s head going into the election. He has no plan, so every Republican can run on a long term fix of the out of control spending. And Obama will again have to ask for a debt limit increase two more times.


93 posted on 07/12/2011 6:21:58 PM PDT by Oldhunk
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To: Oldhunk
I'm more inclined for the House to pass the increase with equal cuts then let the Senate Rats and Obama do what they want.
94 posted on 07/12/2011 6:37:46 PM PDT by tobyhill (Real Spending Cuts Don't Require Increasing The Debt)
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To: calex59

unlimited? Did you read that?

I read, put the request in writing...?


95 posted on 07/12/2011 7:04:52 PM PDT by hobbes1 (Hobbes1TheOmniscient® "I know everything so you don't have to...." ;)
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To: freejohn

You’re assuming he’ll put it in writing.

If the does. Rick Perry will be President in 2012. (By an even larger margin)

It’s not Adv. Calculus. it’s 2 and 2.


96 posted on 07/12/2011 7:07:10 PM PDT by hobbes1 (Hobbes1TheOmniscient® "I know everything so you don't have to...." ;)
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To: Popman

THANK YOU. Someone actually gets it.

The rest of the friggin cannibals, are far too happy to eat their own, to see past the dang dinner bell.


97 posted on 07/12/2011 7:08:16 PM PDT by hobbes1 (Hobbes1TheOmniscient® "I know everything so you don't have to...." ;)
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To: Oldhunk
Most of you guys haven’t thought this through and have this one wrong. If the Republicans do a real long term deal with Obama with significant cuts, Obama is suddenly the President who is the deficit hawk and is easily reelected.

Thank you for restoring my faith in our side. Exactly right.

And he's been trying to get there without specifics, for maximum blame, and minimum responsibility.

98 posted on 07/12/2011 7:10:10 PM PDT by hobbes1 (Hobbes1TheOmniscient® "I know everything so you don't have to...." ;)
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To: tobyhill

McConnell is pure shit and needs to be run out of office!


99 posted on 07/12/2011 7:13:21 PM PDT by dalereed
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To: cinciella

Ganz.


100 posted on 07/12/2011 7:14:55 PM PDT by riri
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