WTF kind of bullshit is this? I am becoming a bigger and bigger believer by the day, that all these assholes are in cohoots with each other to see how badly they can fuck us up the ass. Real good idea, lets give the power to raise the debt ceiling to the guy who will be responsible for running up the largest share of the debt after just 3 years.....I am sure Obama will be responsible with his new found power, if we just give him a chance.
How could one possibly come to the conclusion that these guys arent intentionally screwing us, when yesterday i read an article about the DOJ suing banks to give mortgages to people with bad credit right after the worst housing collapse in history, and today im hearing about a story to give all power for the debt ceiling to the president.
How the hell could any rational person come to the conclusion that these 2 ideas are good for the country?
If this goes through i will never vote for a Republican again.
McConnell fallback plan would leave debt-ceiling hikes to Obama
Senate Minority Leader Mitch McConnell (R-Ky.) on Tuesday laid out a plan to avoid a national default and put responsibility for increasing the debt limit squarely on President Obama.
McConnellâs proposal would authorize Obama to raise the debt ceiling in three steps, and would not require any corresponding spending cuts.
The proposal met immediate, fierce criticism from grassroots conservatives, who are furious at the lack of firm spending cuts, but House GOP leaders and the White House held their fire.
Under the legislation, Congress could only block Obamaâs requests by passing resolutions of disapproval, which would have to be supported by two-thirds of both the Senate and House to overcome an expected presidential veto.
McConnell described his proposal as a âlast choice optionâ to avoid a national default if Congress fails to reach a compromise to raise the debt limit by Aug. 2.
âItâs extremely important that the country reassure the markets that default is not an option and reassure Social Security recipients and families of military veterans that default is not an option,â McConnell said.
The proposal was briefly discussed at a White House meeting on Tuesday. Obama and congressional leaders are scheduled to meet again Wednesday afternoon.
McConnellâs plan would benefit Republicans politically by placing the responsibility for raising the debt limit almost entirely with Obama. It would allow Republicans in both chambers to vote en masse against it without causing a national economic catastrophe.
It could also hurt Senate Democrats by forcing them to support several hikes to the debt ceiling ahead of an election in which they must defend 23 seats, though Republicans expect centrist Democrats would be able to vote against the requests, given the high threshold for overriding a veto.
The problem with McConnellâs plan for Republicans is the prospect of a conservative backlash because it would allow Obama to raise the debt ceiling without having to agree to deep spending cuts.
In a possible sign of trouble to come, members of the Senate Tea Party Caucus left a GOP lunch early on Tuesday where McConnell presented his proposal, and declined to comment on the plan.
http://thehill.com/homenews/senate/...k-plan-that-leaves-debt-ceiling-hike-to-obama
How could one possibly come to the conclusion that these guys arent intentionally screwing us, when yesterday i read an article about the DOJ suing banks to give mortgages to people with bad credit right after the worst housing collapse in history, and today im hearing about a story to give all power for the debt ceiling to the president.
How the hell could any rational person come to the conclusion that these 2 ideas are good for the country?
If this goes through i will never vote for a Republican again.
McConnell fallback plan would leave debt-ceiling hikes to Obama
Senate Minority Leader Mitch McConnell (R-Ky.) on Tuesday laid out a plan to avoid a national default and put responsibility for increasing the debt limit squarely on President Obama.
McConnellâs proposal would authorize Obama to raise the debt ceiling in three steps, and would not require any corresponding spending cuts.
The proposal met immediate, fierce criticism from grassroots conservatives, who are furious at the lack of firm spending cuts, but House GOP leaders and the White House held their fire.
Under the legislation, Congress could only block Obamaâs requests by passing resolutions of disapproval, which would have to be supported by two-thirds of both the Senate and House to overcome an expected presidential veto.
McConnell described his proposal as a âlast choice optionâ to avoid a national default if Congress fails to reach a compromise to raise the debt limit by Aug. 2.
âItâs extremely important that the country reassure the markets that default is not an option and reassure Social Security recipients and families of military veterans that default is not an option,â McConnell said.
The proposal was briefly discussed at a White House meeting on Tuesday. Obama and congressional leaders are scheduled to meet again Wednesday afternoon.
McConnellâs plan would benefit Republicans politically by placing the responsibility for raising the debt limit almost entirely with Obama. It would allow Republicans in both chambers to vote en masse against it without causing a national economic catastrophe.
It could also hurt Senate Democrats by forcing them to support several hikes to the debt ceiling ahead of an election in which they must defend 23 seats, though Republicans expect centrist Democrats would be able to vote against the requests, given the high threshold for overriding a veto.
The problem with McConnellâs plan for Republicans is the prospect of a conservative backlash because it would allow Obama to raise the debt ceiling without having to agree to deep spending cuts.
In a possible sign of trouble to come, members of the Senate Tea Party Caucus left a GOP lunch early on Tuesday where McConnell presented his proposal, and declined to comment on the plan.
http://thehill.com/homenews/senate/...k-plan-that-leaves-debt-ceiling-hike-to-obama
