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Tuesday, July 12, 2011

GOP Offers Obama 2012 GOP Win-Win Debt Deal! Gov't Shutdown Looms!

Senate GOP Leader Mitch McConnell (R-KY) Has Just Offered Pres. Obama A "Baby Steps", Crooked, Lopsided Debt Ceiling Deal.

This Deal Which Stinks To High Heaven Is A No-Brainer, Easy Win-Win For The GOP In 2012.

GOP Leaders Have Drawn A Line In The Sand & Have Basically Pushed Pres. Obama's Back Up Against A Wall With NO Real Good Faith Effort To Avoid A Shutdown.

In Fact They've Been Hoping & Praying For A Complete Gov't Shutdown!


To Hurt Our Nation's Most Vulnerable Citizens, Eliminate The Black Middle Class & Paralyze Minority Voters Just For The Sake Of Winning In 2012!

How Diabolical!

And Yet Most Of These Republican Leaders Call Themselves "Christians"!!

For Shame!

Mitch McConnell offers non-deal deal

The Washington Post reports that Senate Minority Leader Mitch McConnell is pitching a non-deal on the debt ceiling. The proposal is fairly far into the legislative weeds, but it involves having President Obama ask for a request in the debt ceiling, which Republicans would reject. President Obama would veto the rejection, and Republicans would let the veto stand.

Producer Mike Yarvitz forwards this rough verbate of Senator McConnell talking to reporters just now:

[W]e will have available a sort of back-up plan that would operate as follows: I would advocate that we pass legislation giving the President the authority to request of us an increase in the debt ceiling that would take us past the end of his term ... in this legislation, if it were to pass, he would make three separate requests of us.

The first request would be initiated by passing the legislation in the next few weeks. He would send up a request of us to raise the debt ceiling, probably by $700 billion. That would be subject to a resolution of disapproval ... that resolution of disapproval, if passed, would then go to the President. He could sign it or he could veto it. Presumably, he would veto it. If that were the case, that veto would be sustained by one-third plus one in either the House or the Senate.

The legislation would also require him to list spending cuts he would make in the same amount as the debt ceiling request he's making of us. Then there would be a second request in the fall that would follow the same procedure. He would ask us to raise the debt ceiling. I think it's highly likely that both houses would consider and probably pass resolutions of disapproval, which he would veto. And his veto would be sustained by one-third plus one. That would happen one more time in June.

So this is, again, not my first choice. I had hoped all year long that the opportunity presented by his request to raise the debt ceiling would generate a bipartisan agreement that would begin to get our house in order by reducing spending. That may still happen. I still hope it will, but we're certainly not going to send the signal to the markets and the American people that default is an option.

Senate Republicans would be able to pass three separate resolutions of disapproval, the Washington Post reports. They'd also get $2.5 trillion in cuts -- the Biden deal, in essence. And they wouldn't have to take the heat for Social Security checks not going out if the government can't pay its bills. The Republicans would win what's there for them to win. Senate Majority Leader Harry Reid says he's open to considering Mr. McConnell's idea.

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Sources: CBS News, MSNBC, Politico, Rachel Maddow Blog, TPMDC, Washington Post, Youtube, Google Maps

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