Texas Republican: White House wants to rule 'like a monarchy'

Rep. Ted Poe (R-Texas) accused the Obama administration on Friday of wanting the power of a monarch, citing its proposal to House Republicans that the administration be given the power to raise the debt ceiling whenever it wants.

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"The administration cannot unilaterally issue an edict like a monarchy," Poe said on the House floor. "Congress, Congress, Congress is in charge of the purse. The government has gone wild."

Giving the administration the power to raise the debt ceiling on its own was just one piece of Obama's alternative plan to the "fiscal cliff," all of which was quickly rejected by House Republicans. 

Obama also proposed a total of $1.6 trillion in tax increases, a new $50 billion stimulus program and the promise of $400 billion in spending cuts, although these cuts were not defined.

"He wants to raise taxes by $1.6 trillion," Poe said. "He wants another stimulus package of $50 billion. He wants the authority raise the debt ceiling without asking Congress for approval. Say it isn't so, Mr. Speaker!"

Poe said the tax increase would only fund the government for a short while.

"Then what's the plan? Stimulus 2.0, because the first stimulus worked so well? That was a disaster as well," he said.

"We have a $16 trillion deficit and the president wants to spend more money? Are you kidding me? Spending is the problem."

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