"The deal to raise the nation’s debt ceiling contained a little bit of legislative showmanship that hit the House floor on Wednesday. The last-minute Aug. 2 accord gave President Barack Obama immediate additional borrowing authority of $400 billion, with another $500 billion available unless Congress passed a “resolution of disapproval.”
The resolution option, dreamed up by Senate Minority Leader Mitch McConnell, allowed Republicans to back a deal to raise the debt ceiling and then turn around and vote against raising the debt ceiling just to prove to their constituents (and primary voters) how much they hate raising the debt ceiling"...........READ MORE
No comments:
Post a Comment