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Republicans Plan Vote on Clean Debt Ceiling Hike

oi812 Wrote: Jan 19, 2013 7:04 PM
They have been doing it since the 60's What helped Clinton was no more Soviet Union so we shrunk the military, you had the dot/com boom which brought in huge tax revenues, the GOP forced welfare reform and lowered Cap Gains rate which opened up more money going into the economy rather than sitting on sidelines and ROTC money came in from the Saving and Loans bailout. Also Clinton lowered lending standards and reformed the charters for Freddie/Fannie which in the end lead to the mortgage meltdown of 08
During a strategy retreat to Williamsburg, Virginia, leadership in the House GOP caucus took the opportunity to rally Republicans around a short-term debt ceiling increase that would come without any significant movement on deficit reduction.

House Republican leaders Friday offered President Barack Obama a three-month reprieve to a looming, market-rattling debt crisis, backing off demands that any immediate extension of the government's borrowing authority be accompanied by stiff spending cuts.

Republicans hadn't settled on full details, but the measure would give the government about three more months of borrowing authority beyond a deadline expected to hit as early...