Senate Deal Weakens Congress On Debt Ceiling (+video)

Capitol Hill talk regarding the Senate deal apparently includes a provision that would take away the Congress’ power to increase the debt ceiling. According to Politico, it looks like the buzz appears to be true.:

The plan includes a proposal offered by McConnell in the 2011 debt ceiling crisis that allows Congress to disapprove of the debt ceiling increase, which means lawmakers will formally vote on whether to reject a debt ceiling increase until Feb. 7. Obama can veto that legislation if it passes. If Congress fails as expected to gather a two-thirds majority to override the veto, the debt ceiling would be raised.
National Journal reported last week:

Whether it’s four weeks from now or in one year, there’d be even less reason to put faith in a last-minute deal next time the U.S. is up against the debt limit.

There’s only one foolproof way to avoid a future crisis: Fundamentally change the way the debt ceiling works.

This approach isn’t all that radical. Sen. Barbara Boxer, D-Calif., proposed a reform in January that would change the debt-ceiling mechanism so that Congress would vote to disapprove of an increase, as opposed to approving one. Such a change would limit debt-ceiling negotiations to a veto-proof majority, while still leaving Congress with some power.

You might also like