Senate leaders appear close to US debt ceiling deal
With a potential debt default looming, Senate leaders appear close to a deal to avoid a self-inflicted political calamity that would shred US credibility and rock the global economy. Senate Republicans are scheduled to convene Tuesday at noon to review…
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Posted: October 15th, 2013 | Author: admin | Filed under: Debt Ceiling, Government Shutdown | Tags: Debt Ceiling, Government Shutdown | Comments Off on Senate leaders appear close to US debt ceiling deal
Republicans in Congress have decided to put their own personal finances, and those of their Democratic colleagues in both the House and Senate, at risk, rather than to risk a global economic meltdown if the Democrats don’t get serious about reigning in our government’s runaway spending.
The New York Times is reporting that House Republicans have agreed to raise the debt ceiling for three months, with a requirement that both chambers of Congress pass a budget in that time and engage in deficit reduction negotiations. Rather than drive the nation over a “fiscal cliff” or risk the government defaulting on its debt, the Boehner Brigade’s debt ceiling bill will include a provision that federal lawmakers not get paid if the Senate does not produce a budget.
Senate Majority Leader Harry’s Reid’s office issued a statement that sounded like they might go along. Reid’s Senate has not passed a budget in four years.
Finally! Washington Republicans have stopped drinking stupid juice!
Whoever came up with such a common sense idea of punishing the Congress for not doing its job rather than risking the global economy deserves a Nobel Prize.
Posted: January 18th, 2013 | Author: Art Gallagher | Filed under: Congress, Debt Ceiling, Economy | Tags: Boehner Brigade, Congressional pay, Debt Ceiling, Harry Reid, House Republicans, Senate Democrats | 3 Comments »