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GOP To Raise the Debt Ceiling Wednesday

rlapatak Wrote: Jan 22, 2013 10:27 AM
.....the GOP governors are all professing that they have reduced or eliminated their states debt....being that each state is required by their constitution to have balanced budgets how can they have debts....

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...