Reid: The path to avert default now runs through the House of Representatives

[chill_wind]

Work on McConnell-Reid fallback put on ice; onus put on House
By Alexander Bolton - 07/22/11 12:49 PM ET

Senate Majority Leader Harry Reid (D-Nev.) will postpone plans to move on a fallback option to raise the debt limit to give the House a chance to move first.

The delay on a fallback plan significantly increases the pressure on the President Obama and House Speaker John Boehner (R-Ohio) to reach a deal by themselves to avoid a national default.

(snip)

Reid said “circumstances have changed” in the wake of media reports that Obama and Boehner are closing in on a $3 trillion deficit-reduction deal that would raise the debt limit and establish a promise to reform the tax code at a later date.

Reid said the House should act first because a prospective deal between Obama and Boehner would include spending and tax measures, noting the Constitution requires such measures begin in the House.

“The path to avert default now runs through the House of Representatives,” he said. “We in the Senate must wait for them.”

more:

http://thehill.com/homenews/senate/173019-mcconnell-reid-fallback-debt-plan-put-on-freeze-raising-stakes-for-obama-boehner-talks

[chill_wind]

1. More from earlier today

from TPM about the mentioned fallback option- Plan Z


Democrats Set Drop-Dead Date For Debt Ceiling Backup Plan

http://tpmdc.talkingpointsmemo.com/2011/07/democrats-set-drop-dead-date-for-debt-ceiling-backup-plan.php?ref=fpblg

[RC]

2. I'm not seeing how any kind of deal needs to be made on the debt limit at all.

Raising the debt limit or not stands all by itself, Yes or no. The only variable is how much.
So how do they think we can be sold down the river as common serfs even be in the mix? Do they not work for us, as per the Constitution?