I am very confused, what is McConnell thinking? According to Stuart Varney, Obama can just veto the cuts and not honor them, smh...
The Senate Republican leader, Mitch McConnell of Kentucky, said Tuesday that a bipartisan budget deal with President Obama was probably out of reach, and he proposed a plan under which the president could increase the federal debt limit without prior Congressional approval for offsetting spending cuts.
Mr. McConnell’s proposal reflected a growing sense of pessimism on Capitol Hill about the prospects that Mr. Obama and Congressional leaders could come to terms on a budget deal before the government’s borrowing authority hit its limit on Aug. 2. The negotiators sat down for another round of talks at the White House on Tuesday afternoon.
In an interview with CBS News, Mr. Obama said he “cannot guarantee” that the government can pay benefits next month to Social Security recipients, veterans and the disabled if Congress does not increase the federal debt limit, raising the political stakes even as Republicans hardened their opposition to him.
Mr. McConnell’s proposal would give Mr. Obama sweeping power to increase the government’s borrowing authority, in increments, by up to $2.4 trillion — enough, it is estimated, to cover federal obligations through next year — only if Mr. Obama specified spending cuts of equal amounts. But Congress would not have to approve the spending cuts prior to the debt-limit increase.
*update* 6:15 East. I just heard McConnell say that "he wanted to do good but he refused to do harm." I guess he felt that he had no choice...
Answer by Farmlady09 at 6:04 PM on Jul. 12, 2011
Answer by Anonymous at 5:45 PM on Jul. 12, 2011
IDK if it's the dumbest thing I have heard or if it's the most brilliant thing I have heard. (probably neither when I think on it more). If he hands over that kind of power then Obama completely owns the consequences. Horrible idea, IMO. That just alienates Republican and conservative constituents that are against raising the debt ceiling. If my Congressman was for it I would vote him out at the earliest opportunity. This info has me all confused now (that or the fumes from cleaning the house).
Answer by QuinnMae at 5:52 PM on Jul. 12, 2011
Answer by itsmesteph11 at 7:09 PM on Jul. 12, 2011
Answer by yourspecialkid at 9:57 PM on Jul. 12, 2011
Answer by Farmlady09 at 11:00 PM on Jul. 12, 2011
Answer by itsmesteph11 at 12:24 PM on Jul. 13, 2011
Answer by janet116 at 10:18 PM on Jul. 12, 2011
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