Obama is asking Congress to give him the power to raise the debt limit all by himself. That would essentially end the debt limit and give Dear Leader an unlimited credit card. That would be similar to giving your teenager the keys to both the liquor cabinet and the car while you are out of town.
Note to Congress: No Effin' Way.
ARRA News Service has the details here.
Open Thread - Via Patriot Retort, on a tip from TED.
1 hour ago