- Sep 2, 2008
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McConnell Offers 3-Stage
I would hope everyone can see through McConnell's plan and see his true intentions are just to play politics in order to make sure his plan of Obama being a one term President comes true. Despicable and irresponsible.
Senate Republican Leader Mitch McConnell proposed a “last choice option” to avoid a default on U.S. debt obligations that effectively would grant President Barack Obama power to unilaterally raise the debt limit in installments.
McConnell’s plan would let the president raise the limit in three stages unless Congress disapproves by a two-thirds majority, while Obama would also be required to propose offsetting spending cuts. The spending reductions would be advisory, and the debt-ceiling increase would occur regardless of whether lawmakers enact the cuts, McConnell said.
Don Stewart, a spokesman for McConnell, said the plan would allow Obama to raise the debt limit while putting the onus on him and congressional Democrats to cut spending.
At the same time, Republicans wouldn’t have to agree to tax increases. The proposal would force Democrats to cast multiple votes to raise the debt ceiling before the next election, while giving Republicans the chance to vote against it without risking a default.
I would hope everyone can see through McConnell's plan and see his true intentions are just to play politics in order to make sure his plan of Obama being a one term President comes true. Despicable and irresponsible.