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GOP To Raise the Debt Ceiling Wednesday

mrz80 Wrote: Jan 22, 2013 12:19 PM
A woman accosted B. Franklin coming out of the Consttutional Convention. She asked him, "So what have you given us? A republic or a monarchy?" His reply? "A republic, madam... if you can keep it."
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Despite talking for months about using the debt ceiling as leverage to get Senate Majority Leader Harry Reid to pass a budget, spending cuts and entitlement reform, House Republicans are expected to vote on a temporary debt ceiling increase tomorrow.

House leaders on Monday unveiled legislation to permit the government to continue borrowing money through May 18 in order to stave off a first-ever default on U.S. obligations. It is slated for a vote on Wednesday.  

Although President Obama is getting a temporary break from the debt ceiling fight as a result of this...

Related Tags: National Debt Debt Ceiling Barack Obama John boehner

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