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House postpones vote on Boehner’s bill (again)

July 29, 2011 by  

House postpones vote on Boehner’s bill (again)

Late last night, after many delays, House Speaker John Boehner (R-Ohio) finally decided to postpone the vote on his proposal to raise the debt limit and cut the deficit at least until today. He is expected to regroup with House Republicans this morning, in the hope that he can overcome the resistance in his own party to the Budget Control Act of 2011.

“The Senate, meanwhile, is continuing to wait for the House to act before it takes up any legislation to lift the debt ceiling. Senate Majority Leader Harry Reid (D-Nev.) said he will hold a vote to table, or discard, the House bill immediately after — and if — the House passes the bill,” read an article for C-SPAN.org.

However, it is likely that Boehner’s bill could become a vehicle for compromise, as Reid’s own bill is just as unlikely to pass in the Republican-controlled House. The longstanding impasse seems to be grating on the nerves of even the highest-ranking members of Congress.

“Republicans have taken us to the brink of economic chaos,” House Minority Leader Nancy Pelosi (D-Calif.) said, according to an article for Reuters. “The delay must end now so we can focus on the American people’s top priority: creating jobs and growing the economy.”

Some members have even given up all hope of a deal being reached before the Aug. 2 deadline.

“I felt for some time that a default was likely,” Representative Barney Frank (D-Mass.), the ranking Democrat on the House Financial Services Committee, told POLITICO. “Now, it’s more likely than not.”

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  • m. fuller

    Q: do other nations vote on debt ceilings?
    (no data on web). 1. poor nations pay cash
    2. command economies order rationing
    3. West’s nations default (Argentines 1899, 2001) or
    issue permanent/ rollover debt, UK’s guilt bonds?

    • People’s Rights

      Most small countries pay cash as they go, because they have no assets (natural resources or land). America is one of the largest countries that has the most assets and its location on the map and especially its military strategic location.

      LOCATION, LOCATION AND LOCATION MAKES A BIG DIFFERENT RELATIVE TO ITS VALUE TO THE WORLD.

      The GOP is falling into Democratic Party’s trap, and now they are trying to hurry up to get it passes.

  • Joe

    Stand firm. Democrates are only Plundering for more. I am tired of double talk and losing our rights as a people. Taxes and more taxes for what to make us poor. Jobs are only going to be crated buy cutting the buget an keep our dollar strong. (What more money for our leaders thru fraudulate plans.) Vote them all out and in with the new I say. Or our we seeing a yellow stripe.

  • http://contributor.yahoo.com/user/165033/larrwayne_po.html LarrWayne

    All the thieves have their eyes on the treasury. It’s all about when will the golden goose be sliced.

    • People’s Rights

      Dems will go along to cut some programs, because they know how to creat new ones.

      Dems’s objectives are:

      - raising taxes.
      - borrow more money to help bankers.

      Assets probably were already divided among bankers, and they probably rewrote America’s Charter as well – just like any other color revolutions. After Congress closes the deal, they officially own America.

      • People’s Rights

        BTW,

        In the movie Valkyrie it shows how the NEW CHARTER was already rewrote BEFORE a revolution was started.

        What is a Billion Dollars?
        Here is a million: $1,000,000.00
        Here is how many million it takes to equal $1 Billion.

        A MILLION = $1,000,000.00
        A BILLION = $1,000,000,000,000.00

        A BILLION = One-Thousand Million
        A TRILLION = One-Thousand Billion

        http://www.i69tour.org/billion.html

      • People’s Rights

        Senator Reid (D), Democrats and Eric Cantor (R ) are hurrying to sign off on the “Debt Deal” today before Republicans and Boehner try to stop it again.

        According to Democratic and Republican sources, here’re the key elements of the “Debt Deal”:

        · A debt ceiling increase of up to $2.1 to $2.4 trillion (depending on the size of the spending cuts agreed to in the final deal).

        · They have now agreed to spending cuts of roughly $1.2 trillion over 10 years.

        · The formation of a special Congressional committee to recommend further deficit reduction of up to $1.6 trillion (whatever it takes to add up to the total of the debt ceiling increase). This deficit reduction could take the form of spending cuts, tax increases or both.

        · The special committee must make recommendations by late November (before Congress’ Thanksgiving recess).

        · If Congress does not approve those cuts by December 23, automatic across-the-board cuts go into effect, including cuts to Defense and Medicare. This “trigger” is designed to force action on the deficit reduction committee’s recommendations by making the alternative painful to both Democrats and Republicans.

        A vote, in both the House and Senate, on a balanced budget amendment.

  • Dan az

    You’ve already heard about the latest “deal” that Boehner has offered to Barack Obama and Harry Reid. It can be summed up in one sentence: We’ll give our consent for an IMMEDIATE rise of the debt ceiling of one trillion dollars in exchange for a phony promise to possibly consider only increasing our already out-of-control national debt by seven trillion dollars (instead of ten trillion dollars) over the next ten years.

    That’s it. Insanity certainly reigns in Washington, but here’s the ultimate irony. Even if Boehner and the Republican “leadership” succeed in strong-arming enough Republicans in the House to swallow this lunacy (which may happen by the time you read this urgent letter); Harry Reid and Barack Obama have already declared that Boehner’s latest concession is “dead on arrival” anyway.

    In short, they’re simply not going to accept his surrender. And why should they? Since Boehner has essentially conceded the battle, why shouldn’t Harry Reid and Barack Obama stand firm and press their advantage. If they play their cards right, they may get further concessions and massive tax increases for a

    • Dan az

      Sorry hit the wrong button
      all Americans from Boehner to boot.

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