The Conservative Cave

Current Events => Economics => Topic started by: Janice on July 19, 2011, 05:17:21 AM

Title: McConnell's fallback gains steam
Post by: Janice on July 19, 2011, 05:17:21 AM

McConnell's fallback gains steam (http://thehill.com/homenews/senate/172147-mcconnell-fallback-is-becoming-plan-a)

Quote

Senate aides say a fallback plan to give President Obama authority to raise the $14.3 trillion debt limit will soon become “plan A” for averting a national default.

Publicly, House Speaker John Boehner (R-Ohio) and Senate Republican leader Mitch McConnell (Ky.) have made votes on the Cut, Cap and Balance Act and a balanced-budget amendment their priority this week.

But GOP aides say the leaders are already looking past those votes to a potential deal with Democrats to raise the debt limit before an Aug. 2 deadline and spare Republican lawmakers from a political backlash. >>>

Another Republican aide said McConnell’s contingency plan “has become plan A.”

The fallback option, which would give Obama nearly unilateral authority to raise the debt limit, continued to gain momentum Monday as Sen. Dianne Feinstein (Calif.), an influential member of the Senate Democratic Conference, endorsed it.

We need to Cut and Cap Boehner and McConnell to have any Balance at all, because to raise the debt limit certainly amounts to funding Obama's reelection campaign. We must clear the deadwood.

Title: Re: McConnell's fallback gains steam
Post by: Ballygrl on July 20, 2011, 07:58:11 AM

I wasn't happy when Boehner was made Speaker of the House and McConnell was named Minority Leader.