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House rejects debt limit hike in protest vote
Reuters ^ | Jan 18, 2012 | Reuters

Posted on 01/18/2012 2:10:16 PM PST by mdittmar

The House of Representatives voted to reject a $1.2 trillion increase in the federal debt limit on Wednesday in a largely symbolic vote aimed at staking out election-year positions on government spending.

The House voted 239 to 176 along party lines in favor of a "resolution of disapproval" against the increase sought by President Barack Obama, but the the winning tally was far short of the number needed to override an Obama veto

(Excerpt) Read more at reuters.com ...


TOPICS: Constitution/Conservatism; Crime/Corruption; News/Current Events
KEYWORDS: debtceiling

1 posted on 01/18/2012 2:10:21 PM PST by mdittmar
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To: mdittmar
Lawmakers had given Obama the authority to raise the debt limit last August . . .

Article I Section 9 Clause 7: No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.

Well, at least we will descend into dictatorship by democratic means, in accordance with our Constitution of course.

2 posted on 01/18/2012 3:02:07 PM PST by Jacquerie (No court will save us from ourselves.)
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