GOP Oversight Chairman: GOP Debt Limit Plan Is Unconstitutional

Rep. Darrell Issa (R-CA)
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Rep. Darrell Issa (R-CA), who chairs the House Oversight and Government Reform Committee, on Friday poured cold water all over the GOP’s newly announced plan to raise the debt ceiling.

“That’s unconstitutional,” Issa told Roll Call’s Jonathan Strong.

The plan calls for authorizing a three-month debt limit increase in exchange for an ultimatum: Congress either pass a budget, which they haven’t done in years, or lawmakers have their pay withheld until they do. “No budget, no pay,” said Majority Leader Eric Cantor (R-VA) in a statement.

UPDATE: Issa walks it back.

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