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As debt bill fails, neither party blinks in fiscal fight

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As debt bill fails, neither party blinks in fiscal fight

Post by Guest on Wed Jun 01, 2011 9:26 am

'Wall Street is in on the joke' about the vote, Chamber of Commerce exec says!

In a bit of political stagecraft, House Republicans brought to a vote on Tuesday evening a measure that President Obama and the Democrats were demanding not so long ago: a clean increase in the national debt ceiling, unencumbered by any requirement that spending be cut.

Given that all Republicans and more than a few Democrats oppose any debt-limit increase that is not accompanied by some commitment to future fiscal restraint, the measure failed by a vote of 318-97. And for all the talk of economic crisis should Congress fail to raise the debt ceiling by August, the financial markets are likely to yawn at this vote — if only because Republican leaders have privately assured Wall Street executives that this is a show intended to make the point to Mr. Obama that an increase cannot pass absent his agreement to rein in domestic programs.

http://www.msnbc.msn.com/id/43231030/ns/politics-the_new_york_times/

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Re: As debt bill fails, neither party blinks in fiscal fight

Post by Guest on Wed Jun 01, 2011 9:30 am

"Political stagecraft", "joke"? These people are playing with our lives, and use these words to describe the games they are playing. They are a JOKE and it is time for them ALL to go!



mad

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Re: As debt bill fails, neither party blinks in fiscal fight

Post by lendmeflight2 on Wed Jun 01, 2011 4:11 pm

So let me get this straight, the republicans introduced a bill to extend the debt ceiling and then voted against their own bill?

That's the kind of sense I have come to expect from them.

In a way, I wish they wouldn't raise it. That way it will be clear to everyone who wrecked our country and if the ceiling isn't raised the country will be wrecked.

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Re: As debt bill fails, neither party blinks in fiscal fight

Post by keilowkei on Wed Jun 01, 2011 4:44 pm

by DesperateInRI Today at 8:30 am
"Political stagecraft", "joke"? These people are playing with our lives, and use these words to describe the games they are playing. They are a JOKE and it is time for them ALL to go!

lendmeflight2 Today at 3:11 pm
So let me get this straight, the republicans introduced a bill to extend the debt ceiling and then voted against their own bill?

That's the kind of sense I have come to expect from them.

In a way, I wish they wouldn't raise it. That way it will be clear to everyone who wrecked our country and if the ceiling isn't raised the country will be wrecked.

Couldn't agree more with u to...Its a sickening thing

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Re: As debt bill fails, neither party blinks in fiscal fight

Post by Sponsored content Today at 7:37 am


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