Today, Senate Majority Leader Harry Reid made his move. He plans to introduce legislation to increase the debt limit, and dare Republicans to kill it with a filibuster.
But it won’t be a straightforward dollar increase or a time-limited borrowing authority extension. Reid will likely use a mechanism to allow the president to increase the debt limit on his own, subject to a veto-able resolution of disapproval by the Congress. In other words, the only way the debt limit won’t increase is if two-thirds of both the House and Senate feel it must be pulled back into the realm of legislative horsetrading — something that will never happen absent bipartisan agreement.
Senate Minority Leader Mitch McConnell (of all people!) originally designed the scheme back in 2011, when Congress was desperately trying to escape its disastrous debt limit brinkmanship.Democrats finally decide to play hardball.
Salon
GOP will be dared to filibuster debt ceiling: Harry Reid makes his move
Brian Beutler
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New Deal vs Obamacare: one reality and one desperate try
http://failedevolution.blogspot.gr/2013/10/new-deal-vs-obamacare-one-reality-and.html
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