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 ...
That's why obama will never sign off on it
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!?
But he will be given the Option to veto those cuts later!
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.
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!
Yup, that is how it looks to me as well. Seems like a good strategy.
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.
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.
BFD. A "cut" could be anything... like a 10% "cut" in his proposed 500% increase in ACORN funding.
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
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.
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.
unlimited? Did you read that?
I read, put the request in writing...?
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.
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.
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.
McConnell is pure shit and needs to be run out of office!
Ganz.
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