Redstate
Chuck Schumer
Introduces
the ‘McConnell Rule’
By Daniel Horowitz
October 20th, 2013
Last
week, I noted that
Mitch McConnell’s slick debt ceiling plan would pave the road for
permanently abolishing the debt limit, as long as members would get a
ceremonial vote of disapproval. Well, it didn’t take long for the
idea to grow roots. On Meet the Press, Chuck Schumer, who has
enthusiastically praised McConnell for doing his bidding, announced
that he would introduce legislation echoing the “McConnell rule.”
Sen.
Chuck Schumer (D-N.Y.)
will propose legislation that would make permanent a plan to take the
decision to raise the country’s debt limit out of Congress’s
hands.
By making
the so-called
“McConnell rule” permanent, the president would have ultimate
authority to raise the debt limit and prevent the United States from
defaulting.
Congress
would still have
power to oppose raising the debt ceiling, but would not have to vote
to increase the borrowing limit.
“If we
were to do that,
the chances of going up to the brink again, the chances of this kind
of debacle, will decrease,” Schumer said on NBC’s “Meet the
Press” on Sunday.
Late on
Wednesday, the
House and Senate passed legislation to raise the $16.7 trillion debt
limit and reopen the federal government.
The irony
here is that
McConnell has made it clear he is abandoning any talk of Obamacare
and will instead focus on spending and debt in the abstract. We
already explained why it is dumb policy and stupid politics to focus
on random spending cuts instead of Obamacare and other harmful
government interventions that destroy jobs, raise the cost of living,
and infringe upon personal liberties. But the idea that we will ever
fight against more spending when McConnell has given the farm away on
any future debt ceiling leverage is absurd.
For the
rest of this
article and more, go to Redstate
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