"New McConnell Plan: We Get Everything We Want On Debt Ceiling, Plus 12 Opportunities To Bash Obama"
Senate Minority Leader Mitch McConnell is proposing a new plan that would give the Republicans everything they want — $2.5 trillion in spending cuts — plus 12 new chances to blame Obama for everything. Under the McConnell plan:
1. Obama would have to request and increase in the debt ceiling along with “a plan to reduce spending by a greater amount.”
2. Either chamber could pass a “Resolution of Disapproval” blocking the plan. Since the GOP knows they don’t have enough votes in the Senate, this method ensures the House would pass such a resolution, sending it back to the President.
3. Obama would then have an opportunity to veto the resolution.
4. Obama would have to round up enough Democratic votes to avoid the veto from being overridden.
Each of these unnecessary steps would be repeated three times, giving Republicans a chance to bash Obama on 12 separate occasions, while avoiding any accountability for the debt ceiling increase or spending cuts. The largest of the three debt limit increases under the McConnell Plan is scheduled for the summer of 2012, to maximize political opportunities against Obama.
The New York Times reports: “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 specifies spending cuts of equal amounts. But Congress would not have to approve the spending cuts prior to the debt-limit increase.”