If this makes Michelle Malkin and the folks at Red State mad, it must be good.
Senate Minority Leader Mitch McConnell is offering a way out of the hostage drama the Republicans orchestrated to defend millionaires and billionaires from having to sacrifice anything to reduce the national debt. The Hill describes it as "a plan that puts the responsibility for increasing the debt limit squarely on President Obama."
Essentially, if the White House and Congress can't come to terms on a plan to raise the debt ceiling before an expected default August 2, McConnell proposes that President Obama be authorized to raise the debt ceiling in increments between now and the end of 2012, subject to a two-thirds vote of disapproval by Congress.
The catch, and it's a big one, is that each effort by Obama to raise the debt ceiling would presumably unleash a tsunami of anti-Obama, anti-debt-ceiling campaign ads from the bottomless pit of the right-wing political attack machine.
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