Sunday, October 13, 2013

Here’s How to Avoid a Debt Ceiling Disaster: Norm Ornstein | Daily Ticker - Yahoo Finance

Norman Ornstein is "more fearful" than he has ever been.  As he contemplates the rolling debacle, he offers a face-saving way for the Republican leadership to back down - and advance the cause of stability - without losing face - the McConnell Rule.  Such legislative maneuvers feel like game playing.  bu this game counts. - gwc
Video: Here’s How to Avoid a Debt Ceiling Disaster: Norm Ornstein | Daily Ticker - Yahoo Finance:
trade a single concession to end debt ceiling terrorism forever:

Here's how the McConnell Rule would work, according to Orstein: The president raises the debt ceiling; Congress votes a resolution of disapproval; the president vetoes that resolution, which requires a 2/3 vote to overturn and is unlikely to happen.

"If you made that permanent in law, then it seems to me you can really make some concessions whether they are on minor pieces of the Affordable Care Act like the tax on medical devices...or even some things related to the budget," says Ornstein. "Then you could end up with something that becomes a win for the American people looking to the future and not a loss/loss for the political actors."
h/t Andrew Sprung - xpostfactoid
'via Blog this'

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