Search Right-Wing Genius's Blog

Friday, July 29, 2011

Fiscal Fracas: Much Ado About the Debt Ceiling

Moments ago, the U.S. House of Representatives passed a bill touted by Speaker John Boehner as a compromise to raise the country's debt ceiling and cut spending by trillions over the next decade. All 218 "Yea" votes came from GOP members. 22 Republicans joined 188 Democrats in opposition to the bill, which would raise the debt limit by about $900 billion, necessitating another increase in about six months.

According to FOX News, Boehner rallied skeptics in his own party around the plan in a passionate speech on the House floor that drew "roaring applause" from Republicans:

"I stuck my neck out a mile to get an agreement with the president of the
United States," he said.
"It's time for the administration and time for our colleagues across the aisle to put something on the table. Tell us where you are!"

Instead of promptly voting down the proposal (like they did with Cut, Cap & Balance), the Senate put the House bill “on hold” while they tweak an alternative proposal by Sen. Harry Reid (D-NV), who should have been voted out of office months ago but was somehow re-elected by a bunch of people who were either idiots, fools or villians out to destroy the U.S. and our way of life.

Anyway ... we seem to be at an impasse, which is where we've been for weeks (actually, months) now. Neither the Reid plan nor the Boehner plan sound palatable, and neither has any chance of becoming law. Both combine less-than-adequate spending cuts with a debt-ceiling increase that almost nobody wants but nearly everyone acknowledges we need.

I've said repeatedly that I think both sides will cobble together some half-assed bill at the last minute and then rush it through Congress to the president's desk. He'll sign it, averting a crisis but once again kicking the proverbial can down the road. The far-left and far-right will rave against the compromise, but most of America, having long tired of this nauseating debate, will ignore them.

As for me, I'm going to keep blogging, posting columns that no one will read and videos that ... sorry. It's supper time. I have to go!

No comments:

Post a Comment