McConnell, Reid tweaking debt limit fallback plan to boost its chances
July 18th, 2011
03:45 PM ET
3 years ago

McConnell, Reid tweaking debt limit fallback plan to boost its chances

Washington (CNN) - Because there is a growing consensus on Capitol Hill that the White House talks are unlikely to bear fruit, lawmakers in both parties are looking to a plan offered by Senate Minority Leader Mitch McConnell as the most likely legislative solution to avoiding a default.

McConnell, R-Kentucky, and Senate Majority Leader Harry Reid, D-Nevada, are now considering adding to the measure in order to boost its chances of passing the GOP-controlled House and Democratic-led Senate.

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Filed under: Congress • Debt • Deficit • Harry Reid • Mitch McConnell
soundoff (12 Responses)
  1. Four and The Door

    This approach is a bad idea. It adds to the nation's debt without cutting spending. It is pure politics and again the American taxpayer and future generations of Americans take the hit. The politicians avoid having to do their job which is to manage the country and the debt goes up with no effort to bring it into control.

    July 18, 2011 03:59 pm at 3:59 pm |
  2. william mcconkey

    "Leadership"... why has it taken so long to show up?

    July 18, 2011 04:03 pm at 4:03 pm |
  3. Rudy NYC

    Great. We get to repeat this drama every few months until 2013.

    July 18, 2011 04:06 pm at 4:06 pm |
  4. Rudy NYC

    I think they really should keep spending issues out of the bill. When time comes to enact those cuts, it will make Republicans look like they are at war with the middle class, and defenders of the wealthy elite. The debates will play out just this one has. Why would the Republicans wish to have re-runs of the debt ceiling drama during a general election is on par with other suicidal positions they have taken in 2011.

    July 18, 2011 04:20 pm at 4:20 pm |
  5. Mike kerns

    As all can see the reduction of our national debt was never taken seriously by the Republican party. Only politiken and kissing corporate America's butt.

    July 18, 2011 04:25 pm at 4:25 pm |
  6. Ed

    @ four, I cant believe it I actually totally agree u.

    July 18, 2011 04:43 pm at 4:43 pm |
  7. The Greedy Old Pigs have declared class war on US!

    "This approach is a bad idea. It adds to the nation's debt without cutting spending. "

    Just remember, this is McConnell's idea, so the GOBPbaggers own it. President Obama offered trillion cuts if it included eliminating the Bush tax cuts for the top 2%. This is what a vast majority of Americans want. Ask yourself, why is the GOBP so unwilling to ask corporations and the filthy rich to share in the sacrifices the rest of us are making? Sounds pretty un-American to me.

    July 18, 2011 04:49 pm at 4:49 pm |
  8. rms

    This is about the dumbest thing I have ever heard – what a way to make a mockery of the American people. Just how stupid do they believe the average voter is? They get to tell the flea-baggers that they support fiscal conservatism and so keep true to their rhetoric and continue to stall any type of economic recovery until after the 2012 election. This is a crock and everyone knows it.

    July 18, 2011 04:58 pm at 4:58 pm |
  9. A Kickin' Donkey

    Reid should not agree to this. It is designed to give the GOP election talking poiints.

    "Obama, the spendthrift, came back to Congress to raise the debt ceiling 3 times in the span of 18 months. Never before has a Democrat blown through spending contrainsts so quickly".

    Just how idiotic are the Democrats? Obama should demand a single sentence bill that raises the debt limit by $2.7 T and use the 14th Ammendment if the GOP balks.

    July 18, 2011 05:00 pm at 5:00 pm |
  10. Bruce

    WOW what a comeback for the Repugs...last week we had our foot on their necks and today they've found a brick within reach and slammed it down on our other foot. These guys have out maneuvered the Dems at every turn. I'm not giving the Dems another dime until somebody grows a pair!

    July 18, 2011 05:00 pm at 5:00 pm |
  11. Four and The Door

    The Greedy Old Pigs have declared class war on US!
    ... Ask yourself, why is the GOBP so unwilling to ask corporations and the filthy rich to share in the sacrifices the rest of us are making? Sounds pretty un-American to me.
    ___________________________________________________________________________________________________
    $250,000 a year is filthy rich? Not at all. People who make $250.000 a year are working people who maybe can just afford to pay for a home and send their kids to college. That's certainly not filthy rich. And they are very likely not millionaires, let alone billionaires. They already pay more in taxes than everyone else. They will hurt with cuts in Medicare and Social Security also. There is nothing un-American about letting them keep the same cuts everyone else has.

    July 18, 2011 05:08 pm at 5:08 pm |
  12. Linda P

    They should go ahead with McConnell's plan and get this budget passed. The American people who are on Social Security and Veteran's pay need to be reassured they aren't going to be the one's paying. They already have!. Then they need a plan that says in the future "if Congress and the President can't pass a budget on time, then they don't get paid until they do pass one." And they get docked for any time past the deadline the budget isn't passed.

    July 18, 2011 05:28 pm at 5:28 pm |