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Republicans Plan Vote on Clean Debt Ceiling Hike

oi812 Wrote: Jan 19, 2013 7:46 PM
The last deficit under Bush with GOP Congress had a deficit of 167 billion-all four years of Obama has had over a 1,000 billion deficit. Obama solved the problem though he got a 68 billion per year tax hike but then spend it all on Sandy relief
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...