Posted on 05/03/2011 8:57:28 PM PDT by NormsRevenge
WASHINGTON (Reuters) – Republicans in the Congress on Tuesday signaled a willingness to raise the country's credit limit "sooner rather than later" and avoid a series of short-term measures that could damage the economy.
In the face of intense pressure from business groups for a prompt and tidy handling of a statutory increase in how much the government can borrow, House of Representatives Speaker John Boehner told reporters, "Why wait" until the last minute for Congress to pass legislation. He added that he would rather address the matter "sooner rather than later.
The United States is on the verge of hitting its credit limit, .. now capped at $14.3 trillion.
But Republicans did not step back from their demand that any increase in U.S. borrowing authority be accompanied by serious spending reductions.
House Majority Leader Eric Cantor said his fellow Republicans would not support a debt limit increase without firm steps to reduce a budget deficit that is projected to hit $1.4 trillion for just this year.
"Most Americans think that's a bad idea," Cantor said.
The fight over the size of the federal government, and the size of the U.S. debt, has been raging since last year's congressional campaigns and the outcome of White House-Congress deficit-reduction negotiations is certain to loom large in President Barack Obama's 2012 reelection effort.
...
House Republicans also said they oppose a series of short-term debt limit increases, aiming instead for a one-time hike if they win deficit-reduction controls.
This latest approach by Republicans stands in contrast to early this year when they forced a series of temporary spending fixes to avert government shutdowns until a longer-term deal could be reached with Obama.
A long-term debt limit increase could allow government borrowing through the November 2012 elections, under one plan being weighed in Congress.
(Excerpt) Read more at news.yahoo.com ...
I hope this newly elected Tea Party Crew revolt against Boehner and tell him to @*!@ himself!
Bohner caving as expected. obamma’s favorite Republican. All bark, no bite!
Time to start seeking primary candidates.. we need to clean up the HOUSE and the Senate..
I have an idea cut spending and the debt limit will not be an issue.
Good grief take a chain saw to the budget and stop using baby scissors.
They cave before they even have a chance to cave. Boehner is just as dangerous as Pelosi. I don’t trust anyone in the House who doesn’t rally against him.
Little by little this Tea Party may take the place of the Republican Party. I donate money to the Tea Party and hang up on the Republicans as it stands now.
When have you ever heard the Crybaby "bark"? He would scare himself if he did. I firmly believe he is on Obama's team.
How long until someone here on FR comes in to defend these clowns? They are NOT conservative. They are not us. Just because the Democrats don’t like them, doesn’t mean we have to.
The guy on the afternoon talk show on KKOB predicted this as soon as they announced the budget deal. These idiots disappoint.
My guess is that they want to do it now and not wait until after the summer break, when they get yelled at by angry voters.
Boner is a TRAITOR.
Gutless p&&**s! Where the heck have they been for weeks now? Playing with their dolls? A bunch of worthless, spineless eunuchs. Nothing but a bunch of worthless political hacks and whores.
OSAMABINLADENDEAD!republicansOSAMABINLADENDEAD!caveOSAMABINLADENDEAD!againOSAMABINLADENDEAD!whenOSAMABINLADENDEAD!theyOSAMABINLADENDEAD!thinkOSAMABINLADENDEAD!no one’sOSAMABINLADENDEAD!payingOSAMABINLADENDEAD!attention.
Umm . . . I think continued borrowing WILL damage the economy.
There’s not a damn dime’s worth of difference between the Progressive Social Democrats and the Fabian Republicans. They’ve both created the $14 trillion and still growing national debt.
Let's see...Cantor's party affiliation is mentioned, Henserling's party affiliation is mentioned, but no mention of Conrad's party. Right. Don't want to associate Democrats too closely with tax hikes, now do we?
I so want to swear!
FU RINOs.
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