Obama wants sole control over the deficit

Some call this a power grab...  Obama is over-reaching...

http://www.washingtonpost.com/business/economy/fiscal-cliff-talks-bogged-down-by-dispute-over-cost-of-retirement-programs/2012/11/29/99022ac0-3a2e-11e2-b01f-5f55b193f58f_story_1.html

>>> But the most startling demand, Republicans said, was Obama's request for sole authority over the level of the nation's indebtedness, which is currently controlled by Congress.

Instead of letting Congress set the debt limit — currently $16.4 trillion — and seeking an increase when necessary, GOP aides said Obama is proposing to continue procedures adopted in 2011, which permit the White House to propose an increase in the debt limit that Congress can then vote to disapprove.

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