In response to:

GOP To Raise the Debt Ceiling Wednesday

sleroi Wrote: Jan 23, 2013 3:42 AM
So let me get this straight, the Senate has until April 15th to pass a budget, or they don't get paid. Except that HR325 merely puts that money into escrow because they must be paid before the last day of the congress or they will be in violation of the 26th amendment. So they actually will get paid. Also, the bill suspends the debt limit, not raises it. So there is no debt limit, so the senate can write a bill with infinite spending? The special considerations for obligations incurred during the suspension expires May 19th. So the senate can pass their bill by April 15th and hold it in reconciliation until May 20th and then demand that the debt ceiling, now out of suspension be raised to match their spending levels.
sleroi Wrote: Jan 23, 2013 3:44 AM
It sure seems to me to be one big shell game, with the electorate the ones losing the shirts off our backs. Thanks, Washington.

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...

Saturday, May 18 | 10:36 AM ET
Saturday, May 18 | 10:36 AM ET
Saturday, May 18 | 10:36 AM ET
Saturday, May 18 | 10:36 AM ET