The U.S. House voted Thursday to debate Speaker John Boehner’s short-term plan to raise the debt ceiling by $900 billion while cutting spending by $912 billion.
The House in a rules vote of 238-186 moved forward with 2 hours of debate on what House Majority Leader Eric Cantor called a “compromise bill” to be sent to the Senate later Thursday.
Before the rules vote, House Democrats rose to denounce what they called “the Republican Default Act.”
“The Republican Party’s deficit plan is very simple,” said Rep. Edward Markey, D-Mass. “One, prolong the default crisis. Two, push the nation to the very brink of economic collapse. Three, repeat it all again and again, until Election Day 2012.”
Rules Committee Chairman David Dreier, R-Calif., urged members to support the plan, saying, “This is the plan that is before us. It is a plan that was worked on in good faith by Speaker Boehner and the Democratic leader of the United States Senate, Harry Reid. … I urge my colleagues to support the underlying legislation, which will allow us to have the debt ceiling increased and ensure that our nation does not go into default.”
Photo Credit: Medill DC (Creative Commons)
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.
Follow @WestJournalism
Loading ...
Won't happen.
Will happen, appeasement is the number one goal.
http://www.reformdc.com
P.S. Did you vote this week at “you cut”? http://majorityleader.gov/YouCut/
We are NOT ging t default on Aug 2, 2011. I'm sick and tired of hearing so many people cry 'wolf' every day. Shut down EPA and the Department of Education! The country will not only survivie without them, it will thrive!
You must have gone through private school your entire life?
First, do no harm!
Vote NO!
DEFAULT?? BULLCRAP! there's PLENTY of incoming revenue to pay debt interest AND social security and medicare. Government workers? SCREW THEM – lay them all off!!
We, the American people, are about to get blindside by the butt boy Reid and the house Boner. If this gets out of the House and is sent to the Senate we are all going to get a taste of Washington's dirty tricks.
Bruce
No debate … Cap, Cut, Balance!
The August 2 date is baloney!
Who ever heard of decreasing a credit rating for a debtor who has balanced his budget, will repay the loan and will have a surplus?
Need cuts. Forget your liberal voters and save some cost by decreasing welfare [just eliminate fraud], food stamps, un-employment longevity …
if that is not enough…What would happen if the Department of Education was eliminated today! [just screams from non producers] … what would happen if you eliminated the EPA [we would start drilling, burning coal, deleloping alternative energy and the price of fuel would crash. It would not change global cooling.] Need more help?
Most Americans do not know that the Federal government of the United States of America is required by law to balanced its budget every year. The little known Public Law 95-435 enacted by Congress and signed into law by President Jimmy Carter in 1977 has been ignored every year since it was enacted. You may ask yourselves why hasn’t Congress been balancing the budget if there is a law that exists that requires it? You need to remind yourself that Congress ignores the Constitution regularly so why should they obey a law?
Read more: http://visiontoamerica.org/2709/a-balanced-budget…
With the technology available today, Congress could type in the law proposed and find out ALL the other laws on the books that pertain to that subject and stop duplicating laws and setting up duplicate agencies, etc. It doesn't take a 'rocket scientist' to stop the insanity going on in Washington D.C.!
If they can't do their job, i.e. balance the budget, produce an operating budget for each year-they should not get paid. You know in China, Doctors don't get paid unless they keep the people well.
Just saying . . .
We should all know by now, that in order to be in politics, you have to have no brains, no common sense, & be a liar & a crook, so when you get elected, you can quickly become totally CORRUPT.