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Keyword: mcconnell

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  • Reid Aims For GOP Support By Adopting McConnell Debt Limit Plan Fallback Plan (The die is cast)

    Shortly before the Senate adjourned late Friday without an agreed-upon framework to raise the debt limit, a source passed to TPM a copy of what may be the way out. It's a copy of what may be Senate Majority Leader Harry Reid's final offer to Republicans in the debt limit standoff. The gist: Reid hopes to entice Republicans to support his plan in two ways. First, with slightly deeper cuts. Second, by adopting an idea, first proposed by Senate Minority Leader Mitch McConnell, that would delegate the authority to raise the debt limit to President Obama -- and give Congress...
  • Democrats Call Conservatives Hostage Takers, Villains, Terrorists -(remember O's civility speech?)

    07/29/2011 3:39:27 PM PDT · by Evil Slayer · 7 replies
    RushLimbaugh.com ^ | 7/29/11 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: So this Politico piece. Maybe it's an opinion piece. I said it was a news story, because it's bylined. But it may well be a column. The headline is "The Tea Party's Terrorist Tactics." Before I get to this, let me show you what a coordinated thing this is. We have a media montage of Democrats (no media in here) talking about the Tea Party. Listen. STENY HOYER: (rotunda noise) The Republicans are holding hostage the credit of the United States of America. DEBBIE "BLABBERMOUTH" SCHULTZ: ...our Republican colleagues to hold our economy hostage. DINGY HARRY: The...
  • Senator McCongame has screwed us all in the budget battle. (vanity)

    07/29/2011 10:59:26 AM PDT · by Free Vulcan · 6 replies
    Respect my vanitah! ^ | 7.29.11 | Free Vulcan
    Let's not lose sight of anything here, the #1 prize for the Democrats is to get the debt ceiling where it doesn't have to be dealt with till after the 2012 election. That is what they want and what they're angling for. Enter Senator Mitch McCongame. As many have stated, his plan to give President Fool Sucka debt ceiling increase authority has sold us down the river. Why? Because Reid can use that and the weak tea Boner bill to come up with a compromise that basically cuts little to nothing and pushes the ceiling fight till after the election....
  • What the final deal is likely to look like (Hybrid of Boehner/Reid/ McConnell plans)

    07/28/2011 7:50:18 PM PDT · by Qbert · 34 replies · 1+ views
    Washington Post ^ | 07/28/2011 | Ezra Klein
    [Snip] The smart money in Washington continues to be on some hybrid of the Boehner/Reid/McConnell plans. If I had to place a bet now, I’d say the final deal looks something like this: Cuts: $1.2 trillion in discretionary spending cuts, with somewhat more of the total falling on defense spending than in Boehner’s bill and somewhat less of the total falling on defense spending than in Reid’s bill. Committee: The bipartisan “Supercommittee” will be formed and charged with developing a plan that cuts the deficit by $1.8 trillion or more. Unlike in Boehner’s plan, future debt-ceiling increases will not require...
  • Report: Obama Rejects Bipartisan Debt Deal

    07/25/2011 2:27:28 PM PDT · by Justaham · 26 replies
    Townhall.com ^ | 7-25-11 | Guy Benson |
    The Washington Post's Jennifer Rubin reports that President Obama nixed a bipartisan debt agreement that was forged by leaders of the House and Senate over the weekend. If Jen's sources are correct, this would be a genuine political jaw-dropper: A Republican aide e-mails me: “The Speaker, Sen. Reid and Sen. McConnell all agreed on the general framework of a two-part plan. A short-term increase (with cuts greater than the increase), combined with a committee to find long-term savings before the rest of the increase would be considered. Sen. Reid took the bipartisan plan to the White House and the President...
  • Congress ditches Obama on debt talks

    07/24/2011 1:44:25 PM PDT · by Evil Slayer · 37 replies
    Politico ^ | 7/24/11 | Manu Raju
    First came the Biden talks. When those blew up, the Obama-Boehner talks took center stage. And when that failed, the McConnell-Reid talks looked promising. And after they faltered, the Obama-Boehner talks tried to find a new life. Now it’s all come down to the Boehner-Reid-Pelosi-McConnell talks to solve the debt crisis. Notably absent? The president. That’s not to say Saturday’s congressional takeover went well. In a frantic bid to avoid causing a worldwide economic disruption, debt negotiations have shifted wholly to Capitol Hill, as a frustrated President Barack Obama has taken a step back and allowed House and Senate leaders...
  • It’s “[snip]” (Boehner's getting nervous, about to cave)

    07/23/2011 8:53:30 PM PDT · by teg_76 · 62 replies · 1+ views
    Redstate ^ | 7/23/2011 | Erick Erickson
    A House Republican who is in leadership called me tonight. He said what we are hearing about — the two tier plan — is “sh*t” and he’s blaming Boehner. He agrees that Boehner is getting nervous and wants a deal. But this two tier plan seems to be the Republicans’ initial offer. Harry Reid is headed that way. Many Democrats want more. So keep in mind for purposes of negotiations, House Republican leadership members are already referring to the starting point as “sh*t” and it will only get worse from here.
  • Lights Out For McConnell-Reid?

    07/23/2011 8:47:48 AM PDT · by Stalwart · 6 replies
    National Review Online ^ | July 20,2011 | Andrew Stiles
    Walsh suggests that the success of his effort could have prompted the Gang of Six to unveil their proposal when they did as “a last-ditch effort to delay,” once it became clear that McConnell-Reid could not possibly pass the House. Beyond that, he says of the Gang’s plan, “I don’t think there’s anything there.”
  • Rasmussen: By 2 to 1, voters fear deal will raise taxes too much, cut spending too little

    07/23/2011 9:04:33 AM PDT · by patriot453 · 17 replies · 1+ views
    Rasmussen Reports ^ | July 22, 2011
    Most Voters Fear Debt Deal Will Raise Taxes Too Much, Cut Spending Too Little Friday, July 22, 2011 While Washington wrangles over how to avoid defaulting on the government’s massive debt load, voters are worried the final deal will raise taxes too much but won't cut spending enough. The latest Rasmussen Reports national telephone survey finds that 62% of Likely U.S. Voters are worried more that Congress and President Obama will raise taxes too much rather than too little in any deal to end the debt ceiling debate. Just 26% fear they’ll raise taxes too little. Twelve percent (12%) aren’t...
  • Tea Party group slams Boehner, McConnell

    07/22/2011 6:26:56 PM PDT · by rabscuttle385 · 41 replies
    The Hill, Washington DC ^ | 2011-07-19 | Alicia M. Cohn
    A large umbrella group for Tea Party activists targeted Republican leaders Tuesday for what they called caving in on the deficit talks. The Tea Party Nation put House Speaker John Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.) on notice "for betraying the movement that put Republicans in charge of the lower chamber last year." In a press release, Tea Party Nation founder Judson Phillips drew a hard line for the Tea Party position. Phillips warned that his organization is on the lookout for Republicans voting to give away "more borrowing authority to President Obama" without also ensuring spending...
  • The Reaction to Boehner Ending Talks With White House (Cantor, McConnell, Reid, Pelosi, Hoyer)

    07/22/2011 5:12:56 PM PDT · by markomalley · 34 replies
    Congressional leadership reacted on Friday after House Speaker John Boehner, R-Ohio., ended debt limit talks with the White House.House Majority Leader Eric Cantor, R-Va.:"Tonight, months after we had begun negotiations with President Obama, Vice President Biden, and the Administration, Speaker Boehner and I are ending discussions with the White House and beginning conversations with Senate leaders in the hopes of finding a solution to the debt limit debate in order to avoid default. Throughout the months of discussions, we have worked to identify real spending cuts, binding budget reforms, structural changes to save our entitlement programs, and significant debt reduction....
  • McConnell Plan: Bidding For Survival, Not Victory

    07/20/2011 5:43:10 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | July 20, 2011 | Michael Medved
    Senator Mitch McConnell’s original suggestion for solving the nation’s debt ceiling dilemma outraged many of his fellow conservatives and would, if enacted in its initial form, have probably produced deep disgust in the public at large. After the angry immediate response from the GOP base, the Senate minority leader began re-tooling the scheme to make it far more viable and substantive, with the important addition of at least $1.4 trillion in budget cuts (over the next ten years) and a potentially promising mechanism for getting clear-cut, up-or-down votes for even more significant savings in the future. Most small government advocates...
  • Moody's: McConnell Backup Debt Plan Won’t Save Rating

    07/20/2011 11:41:54 AM PDT · by 2ndDivisionVet · 13 replies
    A backup plan to raise the U.S. debt ceiling and avoid default could still lead to a negative outlook on the country's ratings, Moody's said, highlighting the plan's failure to substantially reduce the deficit. The back-up plan offered by Senator Mitch McConnell would avoid any immediate downgrade of the coveted U.S. triple-A rating, Moody's analyst Steven Hess told Reuters in an interview, bringing relief to investors who fear an imminent downgrade of the coveted U.S. triple-A rating. "But the numbers that are being discussed in terms of any possible deficit reduction coming out of this plan don't seem to be...
  • Senate GOP showing flexibility in debt fight (We don't need no steenking 'flexibility')

    07/20/2011 10:06:36 AM PDT · by E. Pluribus Unum · 19 replies
    Yahoo! News ^ | July 20, 2011 | ANDREW TAYLOR
    WASHINGTON (AP) — Senate Republicans are showing far more flexibility than their tea party-backed House colleagues as Washington policymakers seek to steer the government away from a first-ever default on its financial obligations. As the House doubled down on a symbolic vote to condition any increase in the government's borrowing authority on congressional passage of a balanced budget constitutional amendment and a fresh wave of spending cuts, the warm reception by many Senate Republicans to a new bipartisan budget plan revealed a thawing in GOP attitudes on new tax revenues.
  • House Dem opposition rises against McConnell fallback plan

    07/20/2011 9:58:10 AM PDT · by Libloather · 11 replies
    The Hill ^ | 7/20/11 | Mike Lillis
    House Dem opposition rises against McConnell fallback planBy Mike Lillis - 07/20/11 11:29 AM ET House Democratic leaders are attacking Senate Minority Leader Mitch McConnell’s (R-Ky.) debt-ceiling fallback plan, characterizing it as a political ruse intended to scapegoat Democrats and taint them at the polls. “I’m not a fan of the McConnell proposal,” Rep. Chris Van Hollen (Md.), the senior Democrat on the House Budget Committee, said Tuesday during a press briefing in the Capitol. “It’s designed to protect mostly Republican members of Congress from taking responsibility for votes that they’ve already made.” Sen. Majority Leader Harry Reid (D-Nev.) and...
  • President Obama praises 'Gang of Six' debt ceiling plan (RINOs add $1 trillion in tax increases)

    07/19/2011 1:45:00 PM PDT · by tobyhill · 70 replies
    politico ^ | 7/19/2011 | By JENNIFER EPSTEIN & CARRIE BUDOFF BROWN
    President Barack Obama said Tuesday that a proposal offered by Republican and Democratic senators is “a very significant step” that represents “the potential for bipartisan consensus” on resolving the impasse over cutting the deficit and raising the debt ceiling. In an appearance in the White House briefing room, Obama urged congressional leaders to embrace the “Gang of Six” proposal, which would slash the deficit by $3.7 trillion over 10 years, in part by raising about $1 trillion in new revenue. We have a Democratic president and administration that is prepared to sign a tough package that includes both spending cuts,...
  • DeMint on the Debt Ceiling (bashes Mcconnell)

    Sen. Jim DeMint (R., S.C.), a leading conservative on Capitol Hill, tells National Review Online that Senate GOP brass have bungled the debt-limit negotiations. Republican senator Mitch McConnell of Kentucky, the minority leader, is part of the problem, DeMint says. Instead of enabling conservatives to propose their solutions early on, McConnell made them wait until the Biden debt-reduction talks collapsed, leaving little time to rally behind counterproposals. DeMint wishes that McConnell had encouraged conservatives to engage the public months ago. As Republicans sat on their hands, the chances for the best possible outcome decreased, DeMint feels. “McConnell was convinced that...
  • Conservative groups threaten GOP lawmakers who vote for McConnell's last-ditch plan...

    07/19/2011 8:35:25 AM PDT · by Qbert · 25 replies
    Politico Playbook ^ | 7/19/2011 | Mike Allen
    [Snip] WHAT IF THE SAFETY VALVE IS JAMMED? Several conservative and Tea-Party-friendly groups – including Club for Growth; FreedomWorks, chaired by Dick Armey; and RedState – are FIGHTING the “last-ditch” debt-ceiling mechanism concocted by Senate Republican Leader Mitch McConnell. (The WashPost amusingly referred to the measure on Saturday as “Reid-McConnell.” THAT’LL help sell it to House Rs!) --“[W]e write in strong opposition to Senator Mitch McConnell's (R-KY) ‘contingency plan’ to raise the debt ceiling and pledge the use of every tool at our coalition’s disposal to see to its defeat,” says the groups’ letter to GOP lawmakers. “We will refrain...
  • Obama threatens veto of House GOP’s “Cut, Cap, and Balance” bill

    07/18/2011 8:01:28 PM PDT · by topher · 26 replies
    MichelleMalkin.com ^ | July 18, 2011 | Michelle Malkin
    News is breaking out all over Capitol Hill just now: The president is threatening to veto House GOP conservatives’ proposal to cut spending now, cap future spending, and balance the budget. So, to be clear, to use that over-worn Obama phrase, the White House is against Cut, Cap and Balance. Spread the word. Call their bluff. *** WashTimes’ Emily Miller: “Obama just issued a veto threat for a bill that would give him a $2.4 trillion debt ceiling increase. So, who’s risking default now?” Via Jamie Dupree: Read the White House veto threat. The fear-mongering intro: The Administration strongly opposes...
  • If You Support Mitch McConnell, We Don’t Support You (A list of the failures of The NO SPINE RINO)

    07/18/2011 3:01:04 PM PDT · by RummyChick · 10 replies
    red state ^ | Erick Erickson
    I am instituting a new policy here at RedState. In the future, as we support candidates for the U.S. Senate in Republican Primaries, we will not support any candidate who goes on the record supporting Mitch McConnell as Senate Republican Leader. That does not preclude them from voting for McConnell once they get there if there are no better options. But when looking to endorse candidates, those who express a willingness to support someone else first will certainly be given more attention. Why? Well, it is not just that Mitch McConnell is yet again screwing both the Republican Party and...
  • DeMint: Debt-ceiling debate will show if Tea Party is still 'a force'

    07/18/2011 10:16:58 AM PDT · by RummyChick · 32 replies
    the hill ^ | 7/18 | daniel strauss
    The debate over increasing the debt ceiling will show whether the Tea Party still has influence, Republican Sen. Jim DeMint (S.C.) said Monday. "We're going to find out if the Tea Party's still there in force in the next few weeks on this debt limit because we're trying to recruit Americans right now and there is a website — cutcapbalancepledge.com," DeMint, a favorite of Tea Party supporters, said while speaking on York, Pa., radio station WSBA. "We're encouraging Americans to sign up, call their congressmen and senators and help us create some pressure in Washington and let those people know...
  • Now We See It All. Mitch McConnell’s Pontius Pilate Act Is Cover for Tax Increases

    07/18/2011 7:47:30 AM PDT · by Qbert · 41 replies
    Redstate ^ | 7/18/2011 | Erick Erickson
    Well, well, well. As Monday’s news cycle gets into full gear, we’re starting to see exactly what Mitch McConnell, Harry Reid, and Nancy Pelosi are cooking up for the American public — pretend spending cuts and very real tax increases. It is like the GOP learned nothing from No Child Left Behind. In NCLB, the GOP let liberals like Teddy Kennedy write the legislation and when the legislation’s very foreseeable outcomes appeared, the GOP got the blame for the disaster the law wrought on the public school system. And now we’re going to get a new deficit commission that is...
  • Fallback plan (Republican Leader sellouts) gains momentum in debt talks

    07/17/2011 9:28:29 PM PDT · by teg_76 · 34 replies
    yahoo ^ | 7/17/2011 | By Thomas Ferraro and Caren Bohan
    Behind the scenes, Senate Republican leader Mitch McConnell and Senate Democratic leader Harry Reid were negotiating over a fallback plan proposed by McConnell that would allow Obama to raise the debt limit while sparing Republicans from having to vote in favor of it.
  • White House budget director sees progress in debt-ceiling talks (Reid-McConnell plan moves forward)

    07/17/2011 12:10:06 PM PDT · by Qbert · 37 replies
    The Hill ^ | 07/17/11 | Vicki Needham
    An Obama administration official said Sunday morning that while a deal hasn't been struck by congressional leaders and the White House progress is being made. Jacob Lew, White House budget director, said progress is reflected in increased activity in talks between Senate Minority Leader Mitch McConnell (R-Ky.) and Senate Majority Leader Harry Reid (D-Nev.) and a realization by most lawmakers that a debt ceiling increase must happen before Aug. 2. "It's not insignificant that all leaders understand that it would be irresponsible to get to Aug. 2 and not extend the ability of the United States to pay its debt,"...
  • Top Republican: House Conservatives Will Not Support McConnell Debt 'Cop-Out'

    07/17/2011 11:42:56 AM PDT · by Hunton Peck · 39 replies
    FoxNews.com ^ | July 17, 2011
    House conservatives will not support Senate Republican Leader Mitch McConnell's backup plan to raise the debt ceiling, a leading House conservative told "Fox News Sunday," calling it a "cop-out." Rep. Jim Jordan, R-Ohio, chairman of the Republican Study Committee, slammed a plan that is looking increasingly vital as deficit-reduction talks aimed at a "grand bargain" lose steam. With time running out to reach a deal and credit rating agencies warning the U.S. risks a credit downgrade, that backup plan would allow Congress to vote on incremental debt ceiling increases worth $2.5 trillion -- only in such a way that makes...
  • House GOP to Vote on $2.4 Trillion in Cuts (Tell the Rats and Obama to take it or leave it)

    07/16/2011 5:19:52 AM PDT · by tobyhill · 28 replies
    wall street journal ^ | 7/15/2011 | NAFTALI BENDAVID And JANET HOOK
    House Republican leaders said Friday they would hold a vote on a bill tying a $2.4 trillion debt-ceiling increase to broad spending cuts and a balanced-budget Constitutional amendment, a defiant and largely symbolic move at a time when the White House and Congress have been searching for compromise to prevent a U.S. government default. It is unclear whether the new GOP plan will further polarize the two sides or pave the way for a last-minute deal. In prolonging the maneuvering, Congress and the president are playing an extraordinary game of economic brinksmanship that is likely to reach its pinnacle next...
  • Pot sweetener: McConnell “hybrid” plan would create commission on entitlement reform

    07/15/2011 10:41:33 PM PDT · by bobk333 · 41 replies
    Hot Air ^ | ALLAHPUNDIT
    Er, how exactly is this a pot sweetener for Republicans? We’re going to pass the McConnell bill to shift most (but not all) of the power over the debt ceiling to Obama, and in return we get … to take a tough vote on entitlement reform in an election year, when the Democrats will already be hard at work on Mediscaring? Didn’t we already check that box by voting for Paul Ryan’s plan? There’s little chance that any commission proposal will pass the Senate, bipartisan or not; there’s a slim chance that it won’t even pass the House as centrist...
  • Liberals worry embrace of McConnell proposal could harm Dem Party (IT'S A TRAP!)

    07/15/2011 1:38:50 PM PDT · by Libloather · 46 replies
    The Hill ^ | 7/15/11 | Mike Lillis
    Liberals worry embrace of McConnell proposal could harm Dem PartyBy Mike Lillis - 07/15/11 12:35 PM ET Some liberal House Democrats on Friday voiced concerns that their leadership is embracing Kentucky GOP Sen. Mitch McConnell's debt-ceiling proposal to the detriment of the party. The Democrats fear that McConnell’s plan — which would empower President Obama to raise the debt ceiling unilaterally in three steps over the next 17 months — would focus all the public blame for enacting an unpopular policy onto Obama and the Democrats, while the Republicans walk away unscathed. “McConnell is a very clever guy,” Rep. Peter...
  • Has Mitch gone mad?

    07/15/2011 10:22:56 AM PDT · by EternalVigilance · 16 replies
    WorldNetDaily ^ | July 15, 2011 | Alan Keyes
    ----- As I consider McConnell's suggestion, I find myself thinking of the Gulf of Tonkin Resolution, the War Powers Act and the other steps by which the U.S. Congress surrendered its constitutionally mandated initiative... Is McConnell's proposal part of a similar surrender with respect to the money issues? It masquerades as a clever ploy intended to tag Obama with the damaging political consequences of the U.S. government's runaway spending and indebtedness. But it's too clever by half (or is it two-thirds?). McConnell's proposal actually shifts the initiative in money matters away from the body intended to represent people at the...
  • Jim DeMint: I’ll use every tool I have to stop the McConnell plan

    07/15/2011 7:36:52 AM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 07/15/2011 | Ed Morrissey
    Right now, Senate caucus leaders Harry Reid and Mitch McConnell are putting their heads together to flesh out the specifics of the Plan Z proposal McConnell floated at the beginning of the week. Reid’s involvement has actually improved the idea, National Review’s Rich Lowry concedes, but that doesn’t give conservative firebrand Senator Jim DeMint any warm fuzzies. On Twitter a few minutes ago, DeMint announced that he would block the McConnell plan if presented to the Senate with “every tool” at his disposal: JimDeMint: I’ll use every tool in Senate to stop passage of “Plan B” blank check debt limit...
  • McConnell: Panel to devise new debt plan (Didn't the rookie Hussein already have one of these?)

    07/15/2011 7:50:05 AM PDT · by Libloather · 23 replies
    UPI ^ | 7/15/11
    McConnell: Panel to devise new debt planPublished: July 15, 2011 at 4:30 AM WASHINGTON, July 15 (UPI) -- A new bipartisan debt-reduction panel will be told to devise a plan by year-end to stabilize the national debt, Senate Minority Leader Mitch McConnell said. The committee of 12 lawmakers from both houses will be charged with drafting a long-term sovereign-debt plan whose recommendations will be fast-tracked to House and Senate votes without amendment, McConnell, R-Ky., told conservative talk show host Hugh Hewitt Thursday. The committee will also identify savings in Social Security and Medicare and other entitlement programs to reduce the...
  • Mitch McConnell’s Premature Retreat

    07/14/2011 8:17:30 PM PDT · by teg_76 · 27 replies
    foxnews.com ^ | 7/14/2011 | Dick Armey
    Aside from the fact that delegating completely unlimited borrowing power to the president is constitutionally questionable at best, it’s just a bad idea. Doing so is not in the public interest and would only put us that much closer to a Greek-style debt crisis in the next few years. Washington is already borrowing 43 cents of every dollar it spends. The national debt has doubled in the past five years, including a 43-percent increase in just two years. This year’s budget deficit of $1.6 trillion indicates we have a serious spending problem, and we simply cannot afford to increase the...
  • McConnell: I Don't Know Constitution Any Better Than Obama Does

    07/14/2011 7:53:09 PM PDT · by yup2394871293 · 44 replies
    Reason ^ | July 12, 2011 | Tim Cavanaugh
    Days after the Obama Administration’s attempt to seize control of the U.S. budget was roundly shown to be illegal, Sen. Mitch McConnell (R-Kentucky) and Rep. John Boehner (R-Ohio) have stepped up to show that Republicans want to tear up the Constitution too. Instead of letting the president usurp Congress’ budget-making authority, McConnell is now offering to give it up freely. AP’s David Espo writes that under McConnell’s plan…
  • John Boehner: New debt option ‘may be worthy'

    07/14/2011 7:09:59 PM PDT · by Sub-Driver · 69 replies
    John Boehner: New debt option ‘may be worthy' By: David Rogers July 14, 2011 09:12 PM EDT With White House debt talks at a make-or-break stage, Speaker John Boehner signaled Thursday that he’s open to new options to avert a default next month, including a novel Senate plan that would surrender much of Congress’s power over Treasury’s borrowing to the president. It would be a remarkable shift for House Republicans — something like telling Pickett’s charge to go around Cemetery Ridge and not up it. And Boehner’s remarks may be a ploy as he keeps throwing out options to his...
  • It Is As I Feared (McConnell rounding up Dem support to cede congressional authority to Obama)

    07/14/2011 7:33:30 PM PDT · by teg_76 · 66 replies
    Redstate ^ | 7/14/2011 | Erick Erickson
    And so as the sun is setting today, I learn from multiple Hill sources and now media reports that after McConnell sent out notice that he was signing on to Cut, Cap, and Balance, he began making door to door visits throughout the Senate lining up support for the Pontius Pilate Pass the Buck Act of 2011 — his plan to allow Barack Obama to raise the debt limit by $2 trillion. What’s more, McConnell has enlisted the help of Nancy Pelosi and Harry Reid to line up Democrat votes for the plan. Meanwhile, Speaker Boehner is saying the McConnell...
  • Top Democrats: McConnell’s proposal is now our Plan B (Republican leaders are an emabarassment)

    07/14/2011 4:12:43 PM PDT · by teg_76 · 102 replies
    HotAir ^ | 7/14/2011 | Allahpundit
    If they’re serious, i.e. this isn’t some form of kabuki, then they’re awfully, awfully stupid to be chattering about it. No matter how much they sweeten the deal, the more the plan reeks of Democratic approval, the harder it’ll be to get through the House.
  • Round two of 'bruising' debt talks underway after Obama stormed out warning GOP'don't call my bluff'

    07/14/2011 3:17:23 PM PDT · by Scanian · 20 replies
    Daily Mail ^ | July 14, 2011 | Lee Moran
    Barack Obama is today preparing to re-enter talks with Republicans as the two sides battle to reach an agreement in the ongoing debt ceiling crisis. Fuming lawmakers pointed fingers at one another and Obama on Thursday as negotiations over raising the national debt limit entered a perilous endgame. Federal Reserve Chairman Ben Bernanke warned of economic damage, and an anxious Wall Street envisioned catastrophe if the U.S. defaulted on its obligations. In the build up to today's meeting, Moody's ratings agency yesterday said that the U.S. could lose its top credit rating in coming weeks if a stand-off between the...
  • The Manchild President Cracks Up

    07/14/2011 2:57:41 PM PDT · by Evil Slayer · 7 replies · 1+ views
    rushlimbaugh.com ^ | 7/14/11 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: The Republicans remain very nervous, ladies and gentlemen. These idiots at Moody's, or as Stuart Varney says, "Moodis," the rating service clearly joining with the Democrats to put pressure on the House Republicans, the Senate Republicans as well by claiming if we don't raise the debt limit then all is lost, the US reputation gone forever. So the pressure mounts on the Republicans in the House, and so far they're standing firm. I think Obama's cracking, folks, I think he's cracking up. The way I interpret this, this guy's had the road paved for him from the...
  • Reid, McConnell Craft ‘Hybrid’ Option (The McConnell Plan gets even worse)

    07/14/2011 2:40:54 PM PDT · by Qbert · 67 replies
    National Review ^ | July 14, 2011 | Andrew Stiles
    After introducing his controversial contingency plan, Senate minority leader Mitch McConnell (R., Ky.) is working with majority leader Harry Reid (D., Nev.) to craft a “hybrid” solution that would allow the debt ceiling to rise and include a modest amount of spending cuts: WASHINGTON — The Senate’s top two officials are working on what one aide called a “hybrid,” fail-safe solution to the debt ceiling debate that could garner enough political support to pass Congress. The plan, which is being hatched by Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.), would ensure that over $1.5...
  • In debt talks, GOP suffers from lack of lead messenger

    07/14/2011 12:52:35 PM PDT · by Haiku Guy · 38 replies · 1+ views
    Politico ^ | 7/14/11 | Jake Sherman
    Republicans think they have an easy message to sell to voters: Slash the size of government and stop tax increases. But a sideshow has percolated on Capitol Hill: There are too many Republican messengers with too many messages — often undercutting one another — as the nation teeters on the brink of financial default. It’s a problem for a party searching for a national figure who can go toe to toe politically with Barack Obama. (snip)
  • McConnell thinks it wise to give a would-be dictator dictatorial power over spending

    07/14/2011 10:45:02 AM PDT · by publius321 · 17 replies
    Contrary to propaganda, a short term default may actually mean a DECREASING probability of a long term, full-fledged bankruptcy of the US. If the media, academia and analysts at Moodys are warning we must RAISE the debt, chances are, the default would actually spark a rally in Teasuries and the dollar. I threw together this video together last night. I normally prefer to write but didn't have the time. I call it "McConnell thinks it wise to give a would-be dictator dictatorial power over spending"... (continued)
  • TRENDING: Palin's advice on debt ceiling: 'Reload with reality'

    07/14/2011 7:23:45 AM PDT · by winoneforthegipper · 57 replies
    cnn ^ | 07/14/11 | Rebecca Stewart
    The 2008 GOP nominee for vice president pulled no punches in an appearance on Fox News when it came to the actions of the president, whom she blamed for "big government job killing policies" and "fearmongering tactics" or McConnell, who proposed a short term plan she claimed "makes no sense." "It does cede power to our president and takes away that authority that is inherent in Congress to control the economic decisions that have to be made when it comes to debt," Palin said of McConnell's short-term strategy to increase the debt ceiling in three increments. "We cannot afford to...
  • McConnell thinks it wise to give a would-be dictator - dictatorial power over spending

    07/13/2011 10:48:16 PM PDT · by publius321 · 5 replies
    CB Patriot.com ^ | by Scott Ryan
    Following is a link to my latest video at cbPatriot.com. I usually prefer to write but I was short on time: McConnell thinks it wise to give a would-be dictator - dictatorial power over spending... (continued)
  • McCain praises McConnell backup debt plan

    07/13/2011 6:56:09 PM PDT · by rabscuttle385 · 47 replies
    The Hill, Washington DC ^ | 2011-07-13 | Daniel Strauss
    Sen. John McCain (R-Ariz.) praised a backup plan by Senate Minority Leader Mitch McConnell to raise the debt ceiling. “I strongly support Senator McConnell’s efforts to avoid a default on our nation’s debt, and the last-case emergency proposal he outlined yesterday to ensure that Republicans aren’t unduly blamed for failure to raise the debt ceiling," McCain said in a statement on Wednesday.
  • Ann Coulter: ONE PRESIDENT LEFT BEHIND: McCONNELL SCHOOLS OBAMA ON DEBT [Grade: D-]

    07/13/2011 3:32:34 PM PDT · by Syncro · 38 replies
    Ann Coulter.Com ^ | July 13, 2011 | Ann Coulter
      ONE PRESIDENT LEFT BEHIND: McCONNELL SCHOOLS OBAMA ON DEBT July 13, 2011Democrats don't want to cut any government spending programs, not now, not ever. The country is on a high-speed bullet train to bankruptcy (the only kind of bullets liberals approve of), and the Democrats' motto is: Spend! Spend! Spend! Democrats are at an advantage in the "should the U.S. go bankrupt or not?" debate because, based on their economic policies so far, they obviously favor bankruptcy. This allows them to sit back and demand that Republicans propose all the spending cuts and then turn around and scream that...
  • McConnell's Plan Shows Weakness (Rush gives him hell)

    07/13/2011 2:46:39 PM PDT · by Evil Slayer · 29 replies
    rushlimbaugh.com ^ | 7/13/11 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Well, we knew it was gonna get to this point. The Republicans are nervous, some of them are very nervous, and a few of them are outright paranoid. Hi, folks, great to have you back, Rush Limbaugh, already the middle of the week here on the Excellence in Broadcasting Network. Our telephone number is 800-282-2882. You want to send an e-mail, the address, ElRushbo@eibnet.com. About this time yesterday we quoted Senator Mitch McConnell as saying nothing substantive will ever get done in this country until Barack Obama is removed from the Oval Office. As long as Obama's...
  • McConnell: "I refuse to help Barack Obama get re-elected"

    07/13/2011 2:16:45 PM PDT · by izzatzo · 36 replies
    HotAir.com ^ | 07/13/2011 | Ed Morrissey
    Laura Ingraham grills Mitch McConnell on his Plan Z option, floated yesterday as a last-ditch approach to the debt ceiling issue, and McConnell argues the benefits of the plan as a defense of Republicans against getting saddled with blame for economic damage done during a potential default. Ingraham asks McConnell whether he’s positioning as a “realist,” and McConnell says that reality will be that Obama won’t compromise in this process. If not, and Republicans don’t blink, Obama will have the upper hand:
  • McConnell Tries to Up Debt Limit and Stick It to Obama

    07/13/2011 10:19:35 AM PDT · by smoothsailing · 44 replies
    Roll Call ^ | 7-13-2011 | Meredith Shiner
    McConnell Tries to Up Debt Limit and Stick It to Obama Contingency Plan Could Insulate GOP From Supporting Future Debt Hikes By Meredith Shiner July 13, 2011 Senate Minority Leader Mitch McConnell (Ky.) may have found a way to prevent the government from reaching a catastrophic default on its debt, ensure that his Republican Conference members won't have to vote again on the debt limit before the next election and force President Barack Obama to own the political consequences. On Tuesday, McConnell unveiled a backup plan of last resort to increase the debt ceiling and cut spending, but primarily it...
  • DeMint rejects McConnell's debt plan

    07/13/2011 10:38:54 AM PDT · by markomalley · 12 replies
    The Hill ^ | 7/13/11 | Alicia Cohn
    Sen. Jim DeMint (R-S.C.) on Wednesday rejected a fall-back plan from Minority Leader Mitch McConnell (R-Ky.) that would give President Obama the power to raise the debt ceiling. DeMint said Republicans will continue to push for a debt-ceiling package that cuts and caps federal spending, and he rejected accusations from Democrats that the GOP is standing in the way of a deal. "This idea that Republicans will not vote to increase the debt limit is wrong," DeMint said. Asked for his thoughts on McConnell's proposed fail-safe plan, DeMint said, "Republicans weren't elected last November to make it easier to spend...
  • Paul Ryan baffled by McConnell's debt plan

    07/13/2011 9:17:17 AM PDT · by maggief · 38 replies
    WLS ^ | July 12, 2011
    CHICAGO (WLS) - The Republican House Budget Committee chairman is throwing cold water on another Republican’s plan to give President Obama the power to raise the debt limit, without approval from Congress. Paul Ryan told WLS Radio's The Don and Roma Show on Wednesday that he’s confused by the plan from Senate Republican leader Mitch McConnell. "I'm still kind of scratching my head over that plan. It is a political strategy, it's a fairly convoluted process he's talking about. It's getting a fairly cool reception over here in the House. You know, we want to get some spending cuts. It's...