In a surprise move Sen Minority leader McConnell offer a backdoor power shift to the President.  Given the President power rise the debt limit through his term as long as he make tremendous cuts to Democratic scared cows.

 

Full article:

http://tpmdc.talkingpointsmemo.com/2011/07/the-big-blink-mcconnell-proposes-giving-obama-authority-to-raise-debt-limit-alone.php

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