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The Senate approved a three-month suspension of the debt limit on Thursday, sending it to the White House for President Barack Obama’s likely signature.
The upper chamber voted 64 to 34 to add its approval to a plan conceived by House Republicans, which would push the deadline at which the government runs out of authority to borrow money to finance its obligations until May 18. The government would have otherwise run out of money within a matter of weeks.
In exchange for the extension of borrowing authority, both the House and Senate must now draft and approve separate budget resolutions by mid-April. The legislation approved Thursday by the Senate and last week by the House would place lawmakers’ pay into escrow if they were to fail to pass a budget.
The Obama administration has indicated that while the president would have preferred a longer-term extension of the debt ceiling, it did not oppose the short-term extension. Obama is expected to sign the legislation into law.
Attention will now turn to the normal budgeting process that typically dominates the first few months of the calendar year in Congress. Republicans’ gambit in offering this proposal was to highlight how Senate Democrats had failed to pass a formal budget resolution in the last four years. (Democrats argue they were working off of a de-facto budget stipulated by various spending cut agreements passed by Congress.)
Leaders of both chambers have suggested they’ll push ahead with ambitious, and markedly different, budgets.
Wisconsin Rep. Paul Ryan, the chairman of the House Budget Committee, will lead the GOP’s efforts; he’s vowed to produce a budget that would balance the budget in the next 10 years without raising any new taxes.
Senate Democrats, meanwhile, have said they plan to seek additional revenues from taxes in the budget they will produce. Washington Sen. Patty Murray, D, the chairwoman of the Senate Budget Committee, will lead that effort.
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I agree with you 100%.
The problem is, even though congress has a 12% approval rating, the voters still voted 90% of the slugs, back in.
You Can't Be serious,
I never actually mentioned Bush in any of my posts, but you crazy GOP types know he Fuc#ed our economy to the hilt in 2008. The stock market has now recovered to where it was in 2008 before Bush sent it into the toilet.
Serious,
I'm retired. I can do that now that we've had three years of economic recovery under Obama, and my stock portfolio is back to where it was in 2008, before Bush 2 tanked it.
Clue up, dude!
It's Bush's fault! It's Hurricane Sandy's fault! It's the Republican's fault!
From just one of many articles on the web regarding the unfunded liabilities of the federal government. "The 2009 Social Security and Medicare Trustees Reports show the combined unfunded liability of these two programs has reached nearly $107 trillion in today's dollars! That is about seven times the size of the U.S. economy and 10 times the size of the outstanding national debt."
OneFungi,
Another clueless Pubbie who needs a reality Kick in the Ass.
Glad to see you are profiting from all those "Corporations" profiting from all those loopholes.
Checkface - I think Peter17 just reality dropped kick you out of here.
Checkered All recessions in the past have ended! Employment has always increased and the stock market has always recovered the losses. And guess what!? Obama was not involved in those recoveries. So why do you give him credit for the improving economy now!?
Checkered I doubt the words you speak! Simple as that. There is NO WAY a working tax paying American supports what this group of socialist thugs are doing!! This group messed up (or made worse ) vitually every aspect of out country, from the economy, debt , constitutuion, foreign affairs. There is NO success stories and to boot the media manipulates the facts to fit their agendas, Be honest with yourself
1
Not all government agencies are bad, we need some government agencies.
Let's protect the kids and throw the parents in prison.
Prisons are also a great government program.
Okay, and then after we put the parents in jail @ $47,000 a year per parent (they don't even get that on any welfare program), and the parents get 3 meals a day, and electric to keep them cool in the summer, and warm in the winter, what should we do with the children. Foster programs are paid for by tax dollars. Not many step up to the plate to adopt older children. I guess we could let them fend for themselves.
So Peter,
Kick the Geezers who PAID for their benefits over the years to the CURB???
They didn't pay Jack for themselves. They paid for benefits the LAST generation got! That's the problem, Einstein.
No means test them so that those who paid the most into the system get no benefits (that is what the "progressives" want)!!!
The problem is that we can't force these methods onto the parasites, who bleed this country, dry.
But making it easily availabe helps :)
If the GOP would change their stupid social and religious beliefs the left wouldnt even exist!
Please explain.
Well they lost a huge chunk of the female vote because they want to tell them NO ABORTION and humuliate them, They cant end the war on drugs(EPIC FAIL), they out lawed online poker inefforts to protect their lotteries (under the belief its immoral and addictive) so on and so on............
Excellent idea.
I have no children, so I require less from the government. I am rewarded by having to pay more. Hmm?
Kicking the can down the road again, on the plus side at least it is not as far as the President wanted.
Lets see, the Dems want a budget the keeps on spending and increase taxes somewhere.
Reps want to keep on spending just not raise spending as much in the future so maybe the economy catches up.
Sounds like, KEEP ON SPENDING!
Not good news either way. We need spending cuts and we need them now. Balance the budget now, this year, no waiting around for the next congress to change it.
There is no commen sense party and thats what the country really needs!!!
The word you're looking for is "common". "That's" is a contraction. If you even know what I'm talking about. Thank GOD you and yours didn't prevail in the recent election!
Repeat 3rd Grade.
Or i could not type with the lights off.
And some point in time - the Republican Party was the middle ground - then it got influenced by the religious nuts and the Tea Party ding-a-lings.
Fungi, Serious and the evil Cockroach
I bid you goodnight, and a wish that you might find a way to be more compassionate to your fellow Human Beings.
I'm not holding my breath, as you guys don't seems like the forgiving types.
Good luck with that.
Compassionate? You sound like a crazy man!
Cockroach,
All TeaNut crazy conservatives sound crazy to me.
Because they are.
You guys have lost the last TWO elections. Probably time to dummy up and figure out WHY.
But, no....you won't. Prepare to lose 2016 too, because of this!
Checkered,
I hope you get back on the Prozac. You are a VERY depressed individual.
I too believe that the Dems will win in 2016.
America has become a deadbeat society. It breaks my heart, but it's the truth.
I have no issue with religion do what you will just dont expect me to beive and follow what you do.
Serious,
Time for Beddy Bye!
Acutally, it was time for that long ago for you...
You cant be serious!
There is no commen sense party and thats what the country really needs!!!
#87 - Thu Jan 31, 2013 7:07 PM PST
Checkered Demon
The word you're looking for is "common". "That's" is a contraction. If you even know what I'm talking about. Thank GOD you and yours didn't prevail in the recent election!
Repeat 3rd Grade.
++++++++++++++++++++++++
Checker,
Why do you have to be so mean and nasty?
Uh, because you can't even spell like a third grader??? How do you expect people to believe what you say when your English skills are worse than the Mexicans you want to keep out of our country, and away from a path to citizenship??
i may be relaxed on my couch with the lights out and the tv on using a laptop that off balanced and could care less if I miss a keystroke! Idiot!!!! My points are no less valid because I dont proof read each post. If thats all you got then your a bigger moron than i originally thought!!1
You can't be serious,
Seems like you're more focused on your TV and using a laptop "that off balanced", whatever the hell that means.
Serious, get sober, and post again.
Seriously.
checkerd, Its clear to me that you are old , retired and just want to irratate people! enjoy your golden yeaers pops!! what a slug!
OK, I see what you're saying. I agree with you on all of these points, but I'd like to add that the so-called, "war on drugs," has been handed down from administration to administration. The Republicans may have started it, but Obama sure isn't ending it.
About your other points. I hate that the Republicans even mention religion or abortion, and I agree, it hurts them.
But, the libs, like Barry, will talk about Republicans clinging to their guns and bibles, while he's trying to convince everyone he's a Christian, and him and his family are protected by guns.
Agreed! No I'm fed up with being called a redneck because i belive in the constitution,pay taxes and want to be free to make my own decisions that dont harm others. The freaks want to strip all rights, take my earnings and tell me whats best for me and call me names as they do it ! WTF1 I have no issue with liberals the only problem is they live in the wrong country. This is USA , we have a constitution to live by not disregard!!!!!!
A new budget WOULD be a good thing.
Maybe business' would get off the TRILLIONS they are hoarding on to and start hiring.
I saw the future,the current bad crop of GOP and American Taliban weren't in it.
Time to get smart about spending.Both revenue and Cuts need to happen.
Actually, the Federal government is trying to keep the illegals out of this country. That's why we have a Border Patrol.
Obama has said he's deported a whole bunch of em' back. I guess he's a racist or he didn't like their bad spelling.
A new Ryan budget....ducky.
Wonder if he is going after Big Bird again?
Lyan Ryan,,maybe he can make a 30 minute abb video
Dionsysus, Dont you have a busy day tomorrow with your check coming in the mail. Lot of rollback sales at walmart for you!
You seem to be under the impression I don't work for a living....well moron, I have worked since I was 15 years old and every year I have paid a higher percentage of tax than Mittens EVER has.....so you, and him, can bite my shiny metal arse.
BTW - I do believe Paul Ryan recieved bennies as a young man that allowed him to go to college......freeloader just like you.
Unrestrained and Unregulated Capitalism....what are the results?
Two complete collapses of our economy.....ducky.
Yes capitalism is evil! those dam people starting successful businesses in hopes of aquiring wealth, downright evil!Putting in 14 hour days to get them started and then the evil starts( profits) someone should shut them down and take their profits!!!
Still having a hard time comprehending what you read huh.....?
Unrestrained and Unregulated Capitalism
Yes regulate success, I see.
No one stepped on that coc roach yet,,lmao
Put the parents in Tent Camp Prisons.
Feed them the bare minimum to keep them alive.
If the older kids can't be adopted, put them in academies and feed and educate them.
When they get ready to go out on their own, they won't follow in their deadbeat parents foot steps. They will be productive contributors to society.
Or............you can reward the rats for breeding and the rat kids will grow up to be gang bangers and end up in prison.
Well, you tally up the cost of the land, the tents, the guards, the fence, the bread and water, and the academies the books, the clothing, the teachers, etc. and make a proposal. Someone might go for it.
I still think it may be cheaper and more humane to properly fund the existing programs that we have already. :)
Left,
I thought about what you said, and yes it might be cheaper to roll over like a cheap whore.
Or, we could spend EVEN MORE and fix this country.
I am all for spending more to fix the country. I am a Democrat after all!
If the GOP would stop their belief that sex is forbidden and evil (just leave it alone) they may not turn off the youth. The youth vote liberal beacause the schools teach them liberalism and they are influenced but then they go to work and start losing their income to taxes and think WTF is this about and thenthe GOP loses them with their war on sex,drugs,abortion. we need to get rid of the old far right old timers.
We don't want your 'Golden Shower' economic voodoo either.....there is way more wrong with the GOP than just sex bub.
You cant be serious!,
Sir, I don't want to label you, but you remind me of what was once called a, "Conservative Democrat."
They were everyday, hard working people who just wanted a fair shake.
They didn't want to be coddled and given a tax refund, when they paid NOTHING in.
They didn't think it was fair to have eight kids, while being on welfare.
They didn't expect free cell phones.
Well, times have changed and, in my opinion, there is only ONE political party, and it's all smoke and mirrors. It's all about getting reelected and remaining in power. The country means nothing.
I dont know what to label me Im not a Democrat or GOP I gladly pay taxes for a better society and get infuriorated by the waste and and exploitation and I despise hypocrits telling me whats best for me.
You cant be serious!
If I have told you once, I have told you a million times to stop exageration!