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House Rejects Bill to Raise Debt Limit

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May 31, 2011 – Comments (13)

WASHINGTON -- House Republicans dealt defeat to their own proposal for a $2.4 trillion increase in the nation's debt limit Tuesday, a political gambit designed to reinforce a demand for spending cuts to accompany any increase in government borrowing.

The vote was lopsided, with just 97 in favor of the measure and 318 against.

House Democrats accused the GOP of political demagoguery, while the Obama administration maneuvered to avoid taking sides -- or giving offense to majority Republicans.

Full article

13 Comments – Post Your Own

#1) On May 31, 2011 at 11:12 PM, FleaBagger (33.13) wrote:

Yay! 

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#2) On June 01, 2011 at 12:31 AM, L0RDZ (70.58) wrote:

How about all the  politicians start passing around a collection hat to pay for all their  BULL  !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 Maybe they all can also get real world jobs and have them get  taxed at   ALSTRY"S  75%  to also help pay for all the BS  they spend....

Obama wants to give away billions to Egypt ???  oh sure its not his money.....    They want huge staffs....   they want to just throw the money around...  well how about they start working for the money... to pay for all this garbage...

 

LORDZ...

 

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#3) On June 01, 2011 at 1:35 AM, awallejr (80.12) wrote:

Hardly a surprise.  Just annoyed they are all playing "chicken" when they know in the end it has to be raised.

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#4) On June 01, 2011 at 6:13 AM, dbjella (< 20) wrote:

awallejr

Why does it have to be raised? 

 

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#5) On June 01, 2011 at 8:30 AM, Frankydontfailme (27.46) wrote:

Why is no one talking about how they are pillaging federal employee retirement funds in the meantime... how will this be repaid... taxes or debt?

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#6) On June 01, 2011 at 8:45 AM, Jbay76 (< 20) wrote:

Frankydontfailme

I hope that doesn't surprise you.  After they had pillaged SS, after they had misused the surplus money generated from the USPS, you can't seriously think they wouldn't have gone after federal retirement money.  In fact, once that is done and their hunger is not satiated, its the workplace 401K's that get it next, and no major company will say no to the government, especially those that have contracts with the government.

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#7) On June 01, 2011 at 9:28 AM, rofgile (99.00) wrote:

Simple solution-

 Tax every post by Alstry $1.  We'll be net positive within a year. 

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#8) On June 01, 2011 at 11:19 AM, Frankydontfailme (27.46) wrote:

+1 Rof

and 1 silver ounce for every fake account rec 

 I hope it doesn't get to that Jbay.... but honestly, how can it be avoided? 

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#9) On June 01, 2011 at 12:24 PM, L0RDZ (70.58) wrote:

The gov is a lie...   the spending is a big  lie...  where does all that money go ???  :)

Printing dollars out of thin air and than earning interest on the imaginary dollars...     wow  :)

Solution less government....  fewer politicians.... what exactly do they do between their gov paid morning breakfasts they have mid afternoon   and   the gov paid  lunches in the afternoon  and than so on and so on...

Someone please grease up that pig and  make it squeal...   they are all big piggies....   and your bank  is next... to be broken...

Just say no....

No to more taxes,  no to bigger bs staffs,  no to them taking your money...  or gold or silver or  bank accounts...

 

Slavery seems to be alive and doing too well...

Are you a slave ???  to your job ?  your gov ?  your significant other ?

Wake up and smell the slap !!

 

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#10) On June 01, 2011 at 12:59 PM, Jbay76 (< 20) wrote:

Frankydontfailme

Maybe incoporate yourself and enjoy the tax advantages that come with it....relocate to a country that doesn't double tax you like NZ......its time to get creative fast

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#11) On June 01, 2011 at 2:19 PM, awallejr (80.12) wrote:

 dbjella

Why does it have to be raised? 

I take Geitner's statement that come August 2 the US will default on it's obligations unless the debt ceiling is raised at face value.  I am in no position to challenge it.  That being said, and come August 2 with no action taken, can you imagine the reaction on all the world exchanges? 

Don't get me wrong.  I want to see Government spending cut.  Sit down and do it as responsible leaders.  Stop with the childish games.

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#12) On June 01, 2011 at 3:10 PM, CluckChicken (47.97) wrote:

That being said, and come August 2 with no action taken, can you imagine the reaction on all the world exchanges?  - A really disturbing part of me kind of would like to see what would happen. There are at least 107 nations that have the US as a top 5 export partner (all are 4% or greater of exports). Wouldn't be shocked if even more nations use US debt as a way of fundig at least part of their government. A lot of individuals and funds would take a big hit. Of course I would much rather see this in SimGovernment then in real life.

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#13) On June 02, 2011 at 12:08 PM, Melaschasm (88.78) wrote:

Timmy is lieing.  The US has plenty of money to cover debt payments.  If we default it will be an intentional choice by Obama.

Once the debt limit is hit, Obama gets to decide what spending gets cut.

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