Speaking of being gutless … the Republicans are so worried about being blamed for any sort of government default that they are actually toying with the idea of giving the president the power to automatically increase the debt limit.
Now a lot of people are having a bit of a struggle trying to figure out just what Phineas T. Bluster (Mitch McConnell) is proposing. Let me try to boil it down for you step-by-step:
Now a lot of people are having a bit of a struggle trying to figure out just what Phineas T. Bluster (Mitch McConnell) is proposing. Let me try to boil it down for you step-by-step:
- The Republicans agree to a plan that allows Obama to raise the debt ceiling by as much as $2.3 trillion (that’s right, TRILLION) in three installments within the next year.
- Obama would be required to submit to the congress a list of proposed spending cuts equaling the amount of the debt ceiling increase. Apparently these would not have to be REAL spending cuts --- they could simply be cuts in spending increases. That’s how Washington usually proposes spending cuts.
- There would be no requirement whatsoever that congress even consider any of Obama’s proposed spending cuts.
- Once Obama raises the debt ceiling the congress could vote to disapprove the increase.
- Obama would then veto the resolution of disapproval.
- Neither house would be able to come up with the two-thirds vote necessary to override Obama’s veto, so the debt ceiling increase would take effect.
- Since the veto override would fail principally due to a lack of Democrat votes, the Republicans believe that they would be able to blame Obama and the Democrats for the increases in the debt ceiling.
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