So, the GOP-dominated House of Representatives is likely to pass the disastrous "cap, cut and balance measure," which would immediately and drastically cut federal spending and provide for a balanced-budget amendment to the Constitution. After the Senate rejects the bill, Harry Reid, the Senate Majority Leader, is prepared to introduce Minority Leader Mitch McConnell's debt-ceiling proposal, which would give the president rather than Congress the authority to raise the debt ceiling. And then back to the House.
What to say about the debt ceiling negotiations and where President Obama is in all this? I'd rather leave it to Tom Tomorrow who, as always, puts it in perspective. Click here or on Tom Tomorrow badge on the right side of the blog to get the full comic.
Tuesday, July 19, 2011
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