Tags: Barack Obama | Economic- Crisis | Boehner | Cantor | McConnell | Obama

Boehner, Cantor Seek Alternative to McConnell Plan

Tuesday, 19 Jul 2011 01:41 PM

By Newsmax Wires

Some House Republicans aren’t too with Senate Minority Leader Mitch McConnell’s plan to cede authority on raising the debt limit to President Barack Obama. So House Speaker John Boehner and Majority Leader Eric Cantor met again with the president to come up with an alternative, The Hill reports.

Boehner and Cantor returned to the White House Sunday for talks on a wide-reaching debt limit/deficit reduction plan, according to The Hill.

The momentum McConnell’s plan seems to be gaining in the Senate could make House Republicans more willing to reach a “grand bargain” with Obama covering the whole kit and caboodle.

“I’m not in favor of making the president the debt-ceiling czar,” freshman Rep. Tim Huelskamp, R-Kan., an original sponsor of the “cut, cap, and balance” legislation the House is debating, told The Hill.

But speculation that House conservatives will stand for anything short of the cut, cap, and balance is just talk for now, Politico reports.

The bill, which Democratic-controlled Senate undoubtedly would reject, puts the knife to many spending programs, creates stringent spending caps, and implements a $2.4 trillion debt-ceiling increase only if Congress approves a balanced-budget constitutional amendment.

“Everybody talks about something else, but nobody writes it down on a piece of paper,” said Rep. Jason Chaffetz, author of the cut, cap, and balance plan. “We have two weeks to go. It’s time to giddy-up.”

One senior House Republican aide told Politico, speaking of the bill: “This is not political posturing. This is where our conference is.”

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