It's About Liberty: A Conservative Forum

Topics => Economy => Topic started by: OldSailor on October 30, 2013, 05:23:27 AM

Title: Senate Democrats back automatic debt limit hikes
Post by: OldSailor on October 30, 2013, 05:23:27 AM
WASHINGTON (AP) — The Senate voted along party lines Tuesday to reject a GOP effort that would have blocked the approved increase in the national debt limit.

The chamber voted 54-45 against the GOP move to try to use a special "disapproval" process to block that increase.

The move came as Senate Democrats proposed to avoid future showdowns over the so-called debt ceiling by giving the president authority to authorize additional federal borrowing unless Congress can muster veto-proof margins to block him.

The move by Sens. Charles Schumer, D-N.Y., Barbara Boxer, D-Calif., and Mazie Hirono, D-Hawaii, is aimed at heading off future Washington confrontations over increasing the government's borrowing cap. Debt limit battles this fall and in 2011 spooked financial markets and took the government precariously close to a default on its obligations.

More here:
http://news.yahoo.com/senate-democrats-b....5--finance.html (http://news.yahoo.com/senate-democrats-b....5--finance.html)

No, this bill is aimed at stripping the House of more of its budgetary authority - the Power of the Purse - and what little leverage the Republicans have over federal spending by giving that power instead to the Executive.

These asshats must think there will never be another Republican president.

They are wiping their butts with the Constitution.    ::angry::
Title: Re: Senate Democrats back automatic debt limit hikes
Post by: IronDioPriest on October 30, 2013, 06:55:32 AM
No, this bill is aimed at stripping the House of more of its budgetary authority - the Power of the Purse - and what little leverage the Republicans have over federal spending by giving that power instead to the Executive.

These asshats must think there will never be another Republican president.

They sure are acting as if there will never be another Republican president. Given the economic and racial demographic, and the effectiveness of their divisive politics, I think they may be quite confident of it. Given the ineptitude of the GOP,  if I were them, I would be.
Title: Re: Senate Democrats back automatic debt limit hikes
Post by: Libertas on October 30, 2013, 07:38:50 AM
The GOP cannot stop the biggest fustercluck in US history from taking root (O'DumbassCare), I do not like their chances in thwarting either this unconstitional transitioning of House authority or in preventing the mass legalization of millions of criminal illegals in our midst (and still arriving every hour of every day)!

You can spell effed G-O-P!
Title: Re: Senate Democrats back automatic debt limit hikes
Post by: AlanS on October 30, 2013, 09:35:56 AM
... and what little leverage the Republicans have over federal spending by giving that power instead to the Executive.

You mean the pub's WANT to control spending? They sure fooled me.
Title: Re: Senate Democrats back automatic debt limit hikes
Post by: Pandora on October 30, 2013, 11:06:02 AM
Isn't this McConnell's doing, with his inclusion of this ceding of Congress' authority to the president in the "deal" they made to re-open the government?
Title: Re: Senate Democrats back automatic debt limit hikes
Post by: Libertas on October 30, 2013, 11:21:45 AM
Probably, that's what got that assclown the $3b in pork from Dingy!

Whack 'em both!   ::pullhair::