ALG Blasts McConnell Plan to Give President Unilateral Authority to Raise Debt Ceiling
July 12th, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson today released the following statement on a Senate Republican proposal to give the White House singular authority to raise the debt ceiling without congressional approval:
"Under the Senate Republican proposal, Congress would cede its constitutional power to borrow on the full faith and credit of the U.S. in deference to the Executive Branch. All of this, apparently, to solve a short-term political problem for Republicans seeking to avoid blame for a failure to pass an increase in the $14.294 trillion debt ceiling.
"This abdication of responsibility is puzzling to say the least. When spending is this out of control, and the only thing keeping it in check is the congressionally authorized debt ceiling, why would Congress cede its say on the nation's finances?
"If Republicans give sole power to raise the debt ceiling to Barack Obama, it will be a colossal failure of this Congress."
Tuesday, July 12, 2011
Is Senator Mitch McConnell Willingly Wimping Out?
Here is a press release I received minutes ago regarding U.S. Senate Minority Leader Mitch McConnell’s (R-KY) apparent outrageous and insane surrender on the out-of-control government spending issue and giving in and giving up on holding the line on the raising the ceiling on the debt. The release came from the Americans for Limited Government.