From NEWSMAX:
The top Republican in the Senate proposed on Tuesday giving President Barack Obama sweeping new power to, in effect, unilaterally increase the nation’s debt limit to avoid a first-ever default on U.S. obligations.
Minority Leader Mitch McConnell, R-Ky., offered a new plan to allow the president to demand up to $2.4 trillion in new borrowing authority by the summer of next year in three separate submissions. Those increases in the so-called debt limit would automatically take effect unless both the Republican House and the Democratic Senate enact legislation specifically disapproving it.
Obama would be able to veto such legislation…
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EDITOR: Isn’t a pathetic abnegation of responsibility?
