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Dingy Moving Senate Bill To Increase Debt Limit By $1.1 Trillion, Enough To Get Beyond 2014 Midterm Elections…
God help us if suicidal Republicans go along with this.
Via The Hill:
Senate Majority Leader Harry Reid (D-Nev.) is moving legislation to push the debt limit until Dec. 31, 2014, well beyond next year’s midterm election.
Senate aides estimate the bill would increase federal borrowing authority by about $1.1 trillion.
The administration estimates the nation will hit the upper bounds of its $16.7 trillion debt ceiling on Oct. 17, although in recent days experts have said that deadline may be flexible.
Senate Republican Leader Mitch McConnell (Ky.) blasted Reid’s proposal for not including any spending reform.
“What he proposes is to raise the debt limit by $1 trillion, but not do anything about the debt,” McConnell said. “Not a single reform to get spending under control. We’ve got a debt close to $17 trillion.
“Washington is borrowing nearly $2 billion — a day. And he’s fine with that,” he added.
Senate Republican Leader Mitch McConnell (Ky.) blasted Reid’s proposal for not including any spending reform.
“What he proposes is to raise the debt limit by $1 trillion, but not do anything about the debt,” McConnell said. “Not a single reform to get spending under control. We’ve got a debt close to $17 trillion.
“Washington is borrowing nearly $2 billion — a day. And he’s fine with that,” he added.
Magnificent Mitch McConnell: Standing up for what's right!
Magnificent Mitch McConnell: Standing up for what's right!
So you also believe that this shutdown is a gift to the GOP and that the architect of this move, Ted Cruz, is going to be our next GOP Presidential nominee. Right on.
North American Lambada Dance Champion 1988, 1989, 1991.