Wednesday, January 23, 2013

House Republicans eliminate the debt ceiling

By Adam Bitely is the Editor-in-Chief of NetRightDaily.
House Republicans have turned the power of the purse over to the White House after passing H.R. 325, a bill that suspends the debt ceiling until May 19, 2013 and threatens to withhold pay from members of Congress after April 15 if a budget is not adopted. The vote was 285-144.
Harry Reid has said that he will get this measure passed in the Senate and Obama has said he will sign it if the measure comes to his desk. Republicans have suspended the debt ceiling on the hope that Democrats will side with them on adopting a budget that will lead to balance within 10 years–which is incredibly unlikely.
To pass this Republican measure, Speaker John Boehner had to again rely on Democrats. The question now is whether Nancy Pelosi holds all the power in the House?…This Appeared Here…..

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