Reid Aims For GOP Support By Adopting McConnell Debt Limit Plan

[cal04]

Reid Aims For GOP Support By Adopting McConnell Debt Limit Plan Fallback Plan
http://tpmdc.talkingpointsmemo.com/2011/07/reid-aims-for-gop-support-by-adopting-mcconnell-debt-limit-plan-fallback-plan.php

A source passes along a copy of what may be Senate Majority Leader Harry Reid's final offer to Republicans in the debt limit standoff.

The gist: Reid hopes to entice Republicans to support his plan in two ways. First, with slightly deeper cuts. Second, by adopting an idea, first proposed by Senate Minority Leader Mitch McConnell, that would delegate the authority to raise the debt limit to President Obama -- and give Congress the prerogative to attempt to block Obama from taking that action.

It does not include any penalties or triggers to force Congress to enact entitlement and tax reforms in the coming months.

The new cuts aren't very extensive. They bring the package's total deficit reduction up to $2.4 trillion -- but only when judged against a slightly outdated January baseline. Judged against the current baseline, the revised plan would still reduce the deficit by $2.2 trillion.


http://thehill.com/homenews/house/174475-senate-rejects-boehner-debt-plan-table
(snip)
Reid is also still considering a so-called “last-choice” proposal offered earlier this month by McConnell that would give President Obama authority to raise the debt limit by $2.5 trillion in three tranches.

[msongs]

1. republicans have reid promoting the repub agenda. all that scowling is just for show nt

[gateley]

3. What would you do? nt

[aquart]

2. Gross. Filthy.

[gateley]

4. What would you do? nt

[Angry Dragon]

8. I would put the ceiling on its own bill

A clean bill ........ let the chips fall where they may ......... nothing to hide behind

[gateley]

10. Ideally, that's what I'd do, too, but I'm not sure what I'd

really do if I were in Obama's shoes with the realities of a default looming. I would NOT entertain any cuts to Med/SS, but I'd be sure I got MY message out there loud and clear in sound bites like they always do. But it always seems so much simpler from out here, and I'm always interested in what others would do. Yours is a reasoned response/approach. Others go "and I'd add Medicare for all and tax the hell out of the wealthy and MAKE them pass it." Uh huh. :eyes:

lg

[aquart]

11. 14th. Clean raise. GIVE THEM NOTHING.

You cannot teach children to behave by rewarding bad behavior. Unfortunately, none of their mothers seem to have grasped this.

[florida08]

5. I don't like this ride,..it's scary

[Skink]

6. Mr. President use the 14th amendment

[Union Thug]

9. Agreed. Let the chips fall where they may. Please Obama...

...do one thing to show that you have a little fight in you...

[thewiseguy]

7. Reid's plan wont pass the house...This is just wasting time