Democrats Look To Increase Debt Ceiling

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Democrats look to increase debt ceilingOn Thursday, House Speaker Nancy Pelosi indicated that congressional Democrats are planning on raising the national debt ceiling before the end of the year.

Treasury officials have informed Congress that they must raise the cap before the end of the year or run the risk of not being able to make Social Security and veterans’ payments in January, according to the Washington Post.

Pelosi faced immediate criticism due to the fact that she plans to combine legislation that would raise the debt ceiling with the 2010 defense appropriations bill that will fund the wars in Iraq and Afghanistan.

"We need to have a vehicle so that the Senate can vote on it, and it is our intention to have something on the Department of Defense bill," said Pelosi.

House Minority Leader John Boehner stated that Republicans plan to vote against raising the debt ceiling.

"We’ll vote against it because of their trillion-dollar stimulus plan that hasn’t worked," he said, quoted by FoxNews.com.

"They have made a habit of taking defense appropriation bills, bills that fund the support of our troops, and adding on there the most distasteful things they can think of, trying to make sure they get it passed on the backs of our soldiers," Boehner added. "It’s a bad way of doing business."
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