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Suspension of U.S. debt limit wins final congressional approval
Reuters ^ | Thu Jan 31, 2013 6:04pm EST | Thomas Ferraro

Posted on 01/31/2013 6:54:19 PM PST by Olog-hai

A bill allowing the U.S. government to keep borrowing money for at least a few more months, beyond its record $16.4 trillion debt limit, won final congressional approval on Thursday, clearing the way for President Barack Obama to sign it into law.

The Democratic-led Senate passed the bill, 64-34, a week after the Republican-controlled House of Representatives approved it, 285-144. Both votes were bipartisan.

The legislation would put off until at least May 19 a showdown over the debt limit between Republicans, who demand more spending cuts to shrink deficits, and Democrats, who favor reducing deficits with a mix of spending cuts and tax hikes.

Senate Minority Leader Mitch McConnell joined 32 fellow Republicans and one Democrat, Joe Manchin of West Virginia, in voting no. Twelve Republicans, 50 Democrats and two independents voted yes. …

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


TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: debtlimit; nodebtlimit

1 posted on 01/31/2013 6:54:22 PM PST by Olog-hai
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To: Olog-hai

The only bullet in the GOP assault rifle, turned out to be a blank, who knew?


2 posted on 01/31/2013 7:12:11 PM PST by itsahoot (MSM and Fox free since Nov 1st. If it doesn’t happen here then it didn't happen.)
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To: itsahoot

Not to mention they took it out of the rifle.


3 posted on 01/31/2013 7:22:43 PM PST by Olog-hai
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To: itsahoot

LOL!

That was a good one. Too bad the nets don’t have insights like that!

CA....


4 posted on 01/31/2013 7:22:56 PM PST by Chances Are (Seems I've found that silly grin again....)
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To: Olog-hai
OK boys... crank-em up!!!

5 posted on 01/31/2013 7:24:55 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: Olog-hai

Until May 19th they can spend as much money as they want too without impunity.

What could possibly go wrong?

This is about as smart as giving your ex-wife/ex-girlfriend all of your credit cards and telling her to go at it. :)


6 posted on 01/31/2013 7:43:29 PM PST by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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To: itsahoot
Who did not know that have been following the Republicans over the years would be a better question.

Anytime the question of the Republicans caving in to the Democrats is brought up, the only question to be answered is, when. That they will cave is a given, the only thing in question is when.

7 posted on 01/31/2013 7:49:54 PM PST by sport
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To: Olog-hai

A fool’s constituent and their money will soon be parted.


8 posted on 01/31/2013 7:53:09 PM PST by gitmo ( If your theology doesn't become your biography it's useless.)
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To: Olog-hai

We can evade reality, but we cannot evade the consequences of evading reality.

Ayn Rand


9 posted on 01/31/2013 8:02:14 PM PST by ChildOfThe60s (If you can remember the 60s.....you weren't really there)
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To: Olog-hai

Gutless, spineless, and clearly without any moral compass...

Once again the pubbies deliver their best surrender.


10 posted on 01/31/2013 9:35:19 PM PST by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Still seeking change.)
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To: sport
Who did not know that have been following the Republicans over the years would be a better question.

I thought this was obvious. </sarcasm>

Apparently not.

11 posted on 02/01/2013 2:45:16 AM PST by itsahoot (MSM and Fox free since Nov 1st. If it doesn’t happen here then it didn't happen.)
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To: Olog-hai

As shown by such shining examples as John McCain, Lisa Murkowski, Willard Romney, Mitch McConnell, John Boehner, and Bob Dole the only time elected Republicans have any fire in the belly is when they are challenged by conservatives.


12 posted on 02/01/2013 3:37:17 AM PST by Pan_Yan
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