McConnell Slams 'Outrageous' Plan To De-Weaponize Debt Ceiling

[DonViejo]

SAHIL KAPUR – OCTOBER 29, 2013, 12:25 PM EDT

Despite trying and failing twice this year to extract a ransom for lifting the debt ceiling, Republicans were defiant Tuesday against newly introduced legislation designed to permanently eliminate the threat of a debt default.

The proposal was unveiled by Sens. Chuck Schumer (D-NY), Barbara Boxer (D-CA) and Mazie Hirono (D-HI), who emphasized repeatedly that it was modeled on a backup proposal by Senate Minority Leader Mitch McConnell (R-KY) during the 2011 debt limit standoff.

Boxer called the threat of a default "a weapon of mass destruction" that must be nixed.

Here's how the bill would work: The president would be able to unilaterally lift the debt ceiling when necessary, and Congress would be able to vote to "disapprove" of it. If the motion to disapprove passes, the president could veto it, and Congress would need to muster up a two-thirds majority to override the veto. In short, it would de-weaponize the debt ceiling.

"So, bottom line: Senator McConnell was right when he proposed this rule in 2011," Schumer said. "We need to take default off the table. ... We want to put the fire out for good."

full article
http://talkingpointsmemo.com/dc/dems-debt-limit-mcconnell-plan

[freshwest]

1. Mobilize the votes. We must 'take default off the table' because it's killing us.

It's saying that we don't our own currency, that a bunch of anarchists do.

The Teahadists and Libertarians are doing this to bring down the government so they can sell off everything - land, resources and end our rights - for their profits.

This archaic notion an insane burden that kills people. De-weaponize its the right term for what's needed. Stop threatening everyone! Enough!