Obama proposed that Congress cede its power over the debt ceiling to the executive branch as part of a deal to adjust the pending tax hikes and spending increases that will hit next year. Along with the debt-ceiling proposal, Obama proposed $1.6 trillion in taxes and $400 billion in spending cuts, plus a new $50 billion stimulus program.
"The most important threat to our nation's economy today is our debt ceiling and what we do with it," Fleming said. "We're in our fifth straight year of trillion dollar annual deficits, and the president wants to have power that, according to the Constitution, sits with the Congress.
"He's really asking for a blank check, for Congress to abdicate power to him so he can raise the debt ceiling as he pleases."
Fleming added that he and those supporting the resolution want to ensure the U.S. maintains a three-part government, "not a kingship and not an emperor."
As introduced, the resolution is co-sponsored by 20 House Republicans, but Fleming said more would be added. Supporters so far are Reps. Joe Barton (Texas), Kevin Brady (Texas), Paul Broun (Ga.), John Culberson (Texas), Bill Flores (Texas), Trent Franks (Ariz.), Phil Gingrey (Ga.), Louie Gohmert (Texas), Andy Harris (Md.), Sam Johnson (Texas), Steve King (Iowa), Cynthia Lummis (Wyo.), Mick Mulvaney (S.C.), Sue Myrick (N.C.), Randy Neugebauer (Texas), Pete Olson (Texas), Bill Posey (Fla.), Tom Price (Ga.), Austin Scott (Ga.) and Tim Walberg (Mich.).