Why America Is Failing – ‘The brilliantly stupid new plan to raise the debt ceiling without raising it’
Paul Ryan wrote this piece of crap…er I mean legislation.
I seem to recall him saying something about not ducking the hard issues…..not kicking the can down the road….
I must have been wrong.
Oh look. I wasn’t.
‘The way the bill is written, Republicans won’t technically be voting to raise the borrowing limit by a set amount, as Congress typically has done’.
‘Rather, “the bill would suspend the section of the law that mandates a limit on government borrowing” before May 19, explains George Washington University professor Sarah Binder, a congressional procedure expert’.
‘Then, on May 19, “the debt limit would automatically be increased to account for the borrowing that occurred during that period.”
‘You got that’?
‘Instead of simply raising the debt ceiling, which would look real bad, it is being “suspended,” which is in effect the exact same thing’.
‘Only the Club for Growth won’t threaten to primary members who vote for this particular bizarre jury-rigged solution to an entirely invented crisis. Plus, in three months we get to have this exact same showdown, again’.
From : http://www.salon.com/2013/01/22/the_brilliantly_stupid_new_plan_to_raise_the_debt_ceiling_without_raising_it/