McConnell Folds Like A Cheap Suit

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Posted by Brian
h/t to Free Republic

Senate Republican Leader McConnell Folds On The Debt Ceiling

Submitted by Tyler Durden on 07/12/2011 16:28 -0400

Something troubling happened in D.C. today, where it seems that the Senate Republican leader basically just folded like a cheap suit in the ongoing farscial standoff on the debt ceiling (which luckily should bring the whole comedy to an end and the nation can progress with its previously scheduled ponzi collapse). In essence, as Bloomberg says, according to McConnell's proposed 3-Stage plan, "The debt-ceiling increase could occur without the companion spending cuts, McConnell said." Ironically, when we observing comparable posturing by Boehner from two days ago we said "in two weeks we get news of no tax hikes, and no deficit reduction, which will be spun by the great diversionary media machine as the great compromise, and, of course, leading to a $2.5 trillion debt ceiling hike. Win, win for everyone." It seems precisely this is on the agenda. Details on McConnell's plan to basically let the President do whatever he chooses:
More at Zero Hedge

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Did Mitch McConnell Just Blink?

Posted by Brian
h/t to Free Republic
Do the Senate Republicans Know How To Win??
Did Mitch McConnell just snatch defeat out of the jaws of victory in the debt-ceiling talks?  Maybe that weak chin that he has is an indication of a political glass jaw. If these SOB's capitulate again, there is going to be holy hell to be paid at the ballot box in 2012 - both for Democrats and for the RINO Republicans.

Senate Republicans Considering Back-Door Debt Ceiling Increase

Update: Senate Minority Leader Mitch McConnell (R-KY) proposed a "contingency" plan for raising the debt ceiling Tuesday afternoon.
Saying the "Senate will absolutely not be a party to a default," McConnell described a procedure allowing Obama to formally request a debt ceiling increase, for Congress to consider with a "motion to disapprove."
Only one-third-plus-one votes in the both houses would be needed to raise the debt limit under the plan.
McConnell said spending cuts would not necessarily be a part of the deal, which would raise the debt ceiling by $2.5 trillion in three tranches before the 2012 election.
Read more: http://www.businessinsider.com/senate-republicans-preposterous-back-door-debt-ceiling-increase-plan-2011-7#ixzz1RvO5vi2r

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• Another mortifying McConnell head-banging-against-the-wall moment (michellemalkin.com)
• Sen. McConnell: 'Nobody Is Talking About Not Raising The Debt Ceiling' In Congress (mediaite.com)