It is now clear that the crony capitalists, the big wasters and the ruin of the middle class with small business are in store with raising the debt limit.
Cut them all off and get small!
7-12-11
By CAROL E. LEE, DAMIAN PALETTA and NAFTALI BENDAVID
In one sign that top leaders worry they won't reach a deal in time, Senate Minority Leader Mitch McConnell (R., Ky.) unveiled a new proposal that would allow President Barack Obama to raise on his own the federal borrowing limit by $2.4 trillion in three installments before the end of 2012, unless two-thirds of Congress votes to block it.
....
"It became clear that they would only do entitlement reform if it came along with tax hikes," Mr. Boehner said, according to a person in the room. "Am I angry about it? I sure as hell am. I believe we are missing a great opportunity."
Mr. McConnell's proposal to allow the president to raise the debt ceiling came after he said in a Senate speech that the country cannot solve its fiscal problems with Mr. Obama as president. "After years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is unattainable," he said.
.....
Meanwhile, some 470 executives—including the chief executives from Alcoa Inc., DuPont, Citigroup Inc. and Procter & Gamble Co.—released a letter to the president and Congress urging them to raise the debt ceiling.
[read on at link above]
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