Skip to comments.House to vote on three-month debt limit hike
Posted on 01/18/2013 10:19:28 AM PST by illiac
WASHINGTON (MarketWatch) -- The House of Representatives will vote next week to authorize a three-month increase in the debt ceiling, House Majority Leader Eric Cantor said Friday. "Next week, we will authorize a three month temporary debt limit increase to give the Senate and House time to pass a budget,"
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Oy vey,,really? Unbelievable.
This is a good idea. Each time it comes up just increase it enough for a couple of month so Obama has to come back over and over begging to borrow more money while never offering to cut a thing. It will keep the focus on the tab the progressive socialists keep running up.
This is such a Great idea! 4 years is clearly NOT enough time to pass a budget, but 4 years and 3 months should do it!!
This is just TOTALLY DISGUSTING. These political lizards are destroying this country with NO CONSCIENCE OR REMORSE.
And the agenda of American destruction moves forward.
No surprise here (at all ), although once again they made the mistake of boasting that they would not do this without concession spending cuts from O and Reid.
Much like them giving the impression that the House alone could keep all those taxes from going up, when they had close to zero chance of that. Setting unrealistic expectations
In 2010 O demanded and got a 16 month extension to get him through the election, so this is three monther.
I agree completely. This takes a major talking point away from Obama. They aren’t holding the economy hostage but this will be an ongoing discussion.
Agreed. And, from what I heard, it will also force Dirty Harry Reed and the Senate to put forth and pass a budget for the first time in almost 4 years.
McConnell and Boner will keep offering extensions until Christmas when they will then surrender to Obama as they always do.
It takes nothing from Obama, just something to talk about for the next 90 days.
My understanding was the “Big battle” over the debt ceiling was ‘scheduled’ for this March. So this is just to get us to the “real battle” ...where the Repubs will probably agree to jack it up even more.
How do you pass a 3-month debt ceiling increase? Doesn’t the increase have to be measured in monetary units?
I don’t think “three month limit” makes sense. The increase is an amount of money. There is no compulsion to spend any of it. A decision to spend more than it has is a decision that stands separately.
We were promised that the last debt ceiling increase would get us through until the end of March. Why is anyone even considering raising it again at this point before the last one runs out? And when Obama complains, remind him that he severely overspent his last allowance increase.
They'll learn one day after the Grand Old Plantation voters who keep electing these idiots learn.
Obama wants an increase large enough that we don’t have to discuss this again for the remainder of his presidency. This way they can stand pat against that but are not held in the losing position in a game of chicken that Obama will win when the stock market starts crashing. This is kicking the can but it is a very short distance. Tell Obama if he wants more he has to start making real cuts and has to force Harry Reid to the table on a real budget.
So, once gain, the gutless wonders in Congress kick the can down the road.
And, we pay these people nearly $200K per year for doing what!??