Pres. Obama wants the debt ceiling raised so America can owe China, Japan and others more than the current $16.7 trillion dollars. And Republicans continue to fight him on it, insisting that it is time to make financial cuts for the sake of the nation's economic future. But Democrats and their highest party's leader have a game plan on how to thwart their intervention--and yours. And the San Francisco Chronicle is spilling the beans on it Oct. 8.
It's quite simple really when you think about it--and a bit ingenious, if not totally without scruples, since congressional leaders do serve at the pleasure of the people, and they are supposed to be looking out for their constituents' best interest, as well as that of the nation. Instead, this new Democratic game plan to raise the debt limit would be like giving a bank manager total access to a bank's vault--with no oversight, ever. How wise would that be?
Senate Democrats plan to introduce legislation this week that will give Pres. Obama the power to raise the debt ceiling all by himself, whenever he wants to. Yes, you read it right! There is only one thing that can stop them and him from doing this. And that is if six Republicans refuse to sign on with their adversaries in the Senate to allow it to happen.
But the president and the Democratic Party feel that they have six Republicans that they can call on and entice away from their party line by offering them some type of lucrative offer. They'll likely offer them some pork for their six states, like a million for a new bridge or several hundred thousand for a new park. And yes, the entire idea seems more like bribing congressional members rather than managing to talk them into thinking the idea of raising the national debt up another trillion or so is a good idea for the country (because it isn't). But that's this administration's take on doing business, obviously: cut deals any way you can, even if it means bribing people.
Will six Republicans sell out to the Senate Democrats in order to gain pork for their states, thereby allowing the president to avoid having to negotiate with Congress about important national matters like the country's debt limit? This is one time that Sarah Palin might not want to say, "You betcha." But it is also the one time that Obama is hoping her words apply.
And, unfortunately, if six Republicans do decide to do this, they are basically selling out their constituents by doing it, since it gives one party in the government total control of an area that they have already proven to be failures at controlling: the growing national debt.
President Obama pictured with Fiona Reeves in the Oval Office as Congress battles over debt: Photo credit: Whitehouse.gov