Skip to comments.Suspension of U.S. debt limit wins final congressional approval
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 ...
The only bullet in the GOP assault rifle, turned out to be a blank, who knew?
Not to mention they took it out of the rifle.
That was a good one. Too bad the nets don’t have insights like that!
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. :)
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.
A fool’s constituent and their money will soon be parted.
We can evade reality, but we cannot evade the consequences of evading reality.
Gutless, spineless, and clearly without any moral compass...
Once again the pubbies deliver their best surrender.
I thought this was obvious.
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.
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