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View Full Version : Debt Limit Hike Fails In Symbolic House Vote



Qtec
01-19-2012, 04:43 AM
They are at it again.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Debt Limit Hike Fails In Symbolic House Vote

WASHINGTON -- The Republican-led House of Representatives turned down President Obama's request to raise the debt limit Wednesday in a largely symbolic vote that Democrats hoped would remind Americans of the ugly showdown that occurred last summer, when the nation came dangerously close to defaulting on its debt.

That showdown ultimately ended with Congress striking a deal that required the House and Senate to vote on whether to disapprove future debt-limit requests by the White House, including Wednesday's request to boost the cap by $1.2 trillion.

The House vote was mostly symbolic, because it fell short of the two-thirds majority required to disapprove the request and the Democratically controlled Senate will not go along. Yet it gives Republicans and some conservative Democrats the ability to say they opposed another increase in the nation's debt ceiling.

While Republicans cast their votes citing their desire to keep spending in check, Democrats pointed back to the consequences of the summer standoff, when the nation came close to a historic default on its debt and its credit rating was subsequently downgraded by Standard and Poor's.

<span style='font-size: 14pt'>"The House Republicans have become the party of chaos,"</span> Rep. Sander Levin (D-Mich.) the top Democrat on the Ways and Means Committee, said shortly before the 239 to 176 vote. <span style='font-size: 14pt'>"Six months ago, they took us to the brink of default.</span> No one in this country liked what they saw. Or maybe a very few ... surely not the markets."

Levin contended that Republicans know the president and Democrats will ensure the nation does not default, and therefore are "posturing."

<span style='font-size: 14pt'>"<u>Here we are on the first full day in the House when we're in session this year, debating a measure that would take us immediately back to the brink of default</u>," Levin said.</span> "House Republicans are again relying on the votes of others to save them from themselves and to save this country from them." </div></div>

Once again the GOP shows itself to be a bunch of schoolboys who were bullied at school and now want to take revenge on everyone else.

Q

LWW
01-19-2012, 06:37 AM
And in typical doublethink ... you have been spoon fed your "OPINION" that of the problem is debt, the answer is to go deeper in debt.

That's simply precious ... and brought to us by the same folks who tell us that the answer to air pollution is coal powered cars, and high unemployment creatse more jobs than industry.