The McConnell Debt Ceiling Plan

You've probably heard something about a debt ceiling plan put forward by Senate Minority Leader Mitch McConnell; one which would put the initiative into the hands of the President. If you've not understood the details of the plan, I've found you a source for those details.

Go to this Reuters site for a point by point description of the McConnell plan. The site is a straightforward description of the plan, which is complicated but workable.

Essentially, the plan is a legislative recognition of the reality that is divided governance - presidency and senate in Democrat hands, House in Republican hands. It's a way around gridlock until the 2012 election, which both sides hope will resolve the gridlock in their favor.