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House to vote on three-month debt limit hike
MarketWatch ^ | 1/18/13 | Robert Schroeder

Posted on 01/18/2013 10:19:28 AM PST by illiac

WASHINGTON (MarketWatch) -- The House of Representatives will vote next week to authorize a three-month increase in the debt ceiling, House Majority Leader Eric Cantor said Friday. "Next week, we will authorize a three month temporary debt limit increase to give the Senate and House time to pass a budget,"

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: budget; economy; government
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Please bend over.....
1 posted on 01/18/2013 10:19:32 AM PST by illiac
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To: illiac

Oy vey,,really? Unbelievable.


2 posted on 01/18/2013 10:23:36 AM PST by austinaero
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To: illiac

This is a good idea. Each time it comes up just increase it enough for a couple of month so Obama has to come back over and over begging to borrow more money while never offering to cut a thing. It will keep the focus on the tab the progressive socialists keep running up.


3 posted on 01/18/2013 10:24:52 AM PST by circlecity
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To: illiac
...give the Senate and House time to pass a budget...

This is such a Great idea! 4 years is clearly NOT enough time to pass a budget, but 4 years and 3 months should do it!!

4 posted on 01/18/2013 10:27:06 AM PST by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: illiac

This is just TOTALLY DISGUSTING. These political lizards are destroying this country with NO CONSCIENCE OR REMORSE.
And the agenda of American destruction moves forward.


5 posted on 01/18/2013 10:27:20 AM PST by EagleUSA
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To: illiac; ding_dong_daddy_from_dumas; DoughtyOne; Gilbo_3; Impy; stephenjohnbanker; NFHale; ...

No surprise here (at all ), although once again they made the mistake of boasting that they would not do this without concession spending cuts from O and Reid.

Much like them giving the impression that the House alone could keep all those taxes from going up, when they had close to zero chance of that. Setting unrealistic expectations

In 2010 O demanded and got a 16 month extension to get him through the election, so this is three monther.


6 posted on 01/18/2013 10:27:20 AM PST by sickoflibs (Losing to O is NO principle!)
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To: circlecity

I agree completely. This takes a major talking point away from Obama. They aren’t holding the economy hostage but this will be an ongoing discussion.


7 posted on 01/18/2013 10:28:20 AM PST by Lurkina.n.Learnin (Superciliousness is the essence of Obama)
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To: circlecity

Agreed. And, from what I heard, it will also force Dirty Harry Reed and the Senate to put forth and pass a budget for the first time in almost 4 years.


8 posted on 01/18/2013 10:28:20 AM PST by Seattle Conservative (God Bless and protect our troops)
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To: circlecity

McConnell and Boner will keep offering extensions until Christmas when they will then surrender to Obama as they always do.


9 posted on 01/18/2013 10:28:39 AM PST by jimbo123
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To: Lurkina.n.Learnin

It takes nothing from Obama, just something to talk about for the next 90 days.


10 posted on 01/18/2013 10:29:27 AM PST by edcoil (Manage your own lawsuit: www.jurisdictionary.com?refercode=KK0012)
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To: illiac
How about a one day temporary debt limit increase, Cantor? That'll really get that Senate scrambling! /s
11 posted on 01/18/2013 10:29:38 AM PST by smoothsailing
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To: illiac

My understanding was the “Big battle” over the debt ceiling was ‘scheduled’ for this March. So this is just to get us to the “real battle” ...where the Repubs will probably agree to jack it up even more.


12 posted on 01/18/2013 10:30:33 AM PST by lwd
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To: illiac

How do you pass a 3-month debt ceiling increase? Doesn’t the increase have to be measured in monetary units?


13 posted on 01/18/2013 10:30:41 AM PST by ArGee (Reality - what a concept.)
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To: illiac

I don’t think “three month limit” makes sense. The increase is an amount of money. There is no compulsion to spend any of it. A decision to spend more than it has is a decision that stands separately.


14 posted on 01/18/2013 10:30:48 AM PST by Cboldt
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To: illiac
Let's see. Lucy plus Charlie Brown plus football equals AARRGHHH! When will they ever learn?
15 posted on 01/18/2013 10:32:17 AM PST by buckalfa (Tilting at Windmills)
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To: illiac

We were promised that the last debt ceiling increase would get us through until the end of March. Why is anyone even considering raising it again at this point before the last one runs out? And when Obama complains, remind him that he severely overspent his last allowance increase.


16 posted on 01/18/2013 10:33:01 AM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: ArGee
RE :”How do you pass a 3-month debt ceiling increase? Doesn’t the increase have to be measured in monetary units?”

LOL

17 posted on 01/18/2013 10:35:06 AM PST by sickoflibs (Losing to O is NO principle!)
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To: buckalfa
Let's see. Lucy plus Charlie Brown plus football equals AARRGHHH! When will they ever learn?

They'll learn one day after the Grand Old Plantation voters who keep electing these idiots learn.

18 posted on 01/18/2013 10:37:32 AM PST by Colonel_Flagg ("Don't be afraid to see what you see." -- Ronald Reagan)
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To: edcoil

Obama wants an increase large enough that we don’t have to discuss this again for the remainder of his presidency. This way they can stand pat against that but are not held in the losing position in a game of chicken that Obama will win when the stock market starts crashing. This is kicking the can but it is a very short distance. Tell Obama if he wants more he has to start making real cuts and has to force Harry Reid to the table on a real budget.


19 posted on 01/18/2013 10:41:08 AM PST by Lurkina.n.Learnin (Superciliousness is the essence of Obama)
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To: illiac

So, once gain, the gutless wonders in Congress kick the can down the road.

And, we pay these people nearly $200K per year for doing what!??


20 posted on 01/18/2013 10:42:18 AM PST by DustyMoment (Congress - another name for anti-American criminals!!)
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To: illiac

what a joke...


21 posted on 01/18/2013 10:42:18 AM PST by pgkdan ( "Those who hammer their guns into plows will plow for those who do not." ~Thomas Jefferson)
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To: illiac

So, once again, the gutless wonders in Congress kick the can down the road.

And, we pay these people nearly $200K per year for doing what!??


22 posted on 01/18/2013 10:42:33 AM PST by DustyMoment (Congress - another name for anti-American criminals!!)
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To: DustyMoment

I’m surprised these leeches even know what a can is....


23 posted on 01/18/2013 10:44:44 AM PST by illiac (If we don't change directions soon, we'll get where we're going)
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To: Cboldt

Classic propaganda. Rather than say they increased it $400 billion or whatever it is we overspend in 3 months, they phrase it so the public won’t freak out by the huge number. So we get “3 month increase”. That’s a lot more palatable according to the reactions from the test subjects polled.


24 posted on 01/18/2013 10:48:00 AM PST by lwd
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To: circlecity; Lurkina.n.Learnin; Seattle Conservative
RE :”This is a good idea. Each time it comes up just increase it enough for a couple of month so Obama has to come back over and over begging to borrow more money while never offering to cut a thing. It will keep the focus on the tab the progressive socialists keep running up.”

I wouldnt call it ‘begging’ but it does force him to take time away from whatever his is selling Americans (on TV) to complain about it, demand, and accuse Rs, argue for more debt, etc, and the more often the better.

I would think at some point O demands a larger extension through the 2014 race as he did in 2011, but that is a tougher play for him.

I don't join in on the ritual wailing ("Oh, Boher sold us out again, rats') here because most of these things are so predictible. the whining is just boring now.

25 posted on 01/18/2013 10:48:09 AM PST by sickoflibs (Losing to O is NO principle!)
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To: illiac

I keep thinking of the alcoholic who keeps saying “ just enough money for one more drink, then I’ll quit for good”


26 posted on 01/18/2013 10:56:57 AM PST by bestintxas (Anyone who votes for Obama after these 4 miserable years needs to take a mandatory citizenship test.)
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To: circlecity
I agree. Gives us time for Obama to get over his inauguration honeymoon.
27 posted on 01/18/2013 11:10:57 AM PST by what's up
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To: circlecity; Lurkina.n.Learnin; Seattle Conservative; Arthurio; mike_9958; Perdogg; Longbow1969; ...
I posted the three month idea here myself, not long ago,

If they tried the big stand now (debt for entitlement cuts) there is no doubt they would given in anyway (because they would get all the blame) and by then it would be total humilation and the same standard circular firing squad we saw after the tax deal. It would be Christmas again for Dems and civil war again for Rs.

If they pass the three month extension with any luck O will reject it, as he did the plan B,and the shorter term extension in 2011 , and then House Rs can make him defend that, make him argue that a 3 month is not big enough. That would be a tough sell now.

Rs have to try to win some.

28 posted on 01/18/2013 11:13:01 AM PST by sickoflibs (Losing to O is NO principle!)
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To: illiac
Someone please tell me again why we have a Republican party, because I can't seem to remember.
29 posted on 01/18/2013 11:22:21 AM PST by Deo volente (God willing, America shall survive this Obamanation.)
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To: Lurkina.n.Learnin

3 months also gets past the Inaugural speech.

While Obama will still take some gratuitous pot shots at republicans and congress, they will look more like the gratuitous pot shots that they will be.


30 posted on 01/18/2013 11:22:50 AM PST by glorgau
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To: illiac

The GOP icon needs to be changed from an elephant to a folding lawn chair.


31 posted on 01/18/2013 11:27:12 AM PST by jeffc (The U.S. media are our enemy)
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To: illiac
note to republican:
"TOO LATE!....the horses / livestock have ALREADY left the Barn..."
the barn is in horrible disrepair and starting to burn.

32 posted on 01/18/2013 11:28:36 AM PST by skinkinthegrass (who'll take tomorrow,spend it all today;who can take your income,tax it all away..0'Bozo man can :-)
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To: jeffc

How perfect....LOL


33 posted on 01/18/2013 11:29:14 AM PST by illiac (If we don't change directions soon, we'll get where we're going)
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To: jimbo123

This is a total capitulation again by the republicans. Spineless and worthless. I will never vote for another republican unless they are Tea Party again. This cowardice is sickening to watch. None of them are worth anything. Terrible. But the sheeple are snoozing. It’s friday.


34 posted on 01/18/2013 11:54:11 AM PST by willardwx
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To: circlecity; Lurkina.n.Learnin; Seattle Conservative; Arthurio; mike_9958

One more thought on this,
what if Bohner cant get a three month passed because O demands more, so all Dems vote NO, and a bunch of House Rs vote no too? Kind of like what happened with plan B.

Just a thought.


35 posted on 01/18/2013 12:27:55 PM PST by sickoflibs (Losing to O is NO principle!)
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To: sickoflibs

These ( Can Kickers) need to be retired. Remember ( Not to decide is to decide)


36 posted on 01/18/2013 12:34:35 PM PST by BooBoo1000 (Some times I wake up grumpy,,, other times I just let her sleep.)
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To: sickoflibs

These ( Can Kickers) need to be retired. Remember ( Not to decide is to decide)


37 posted on 01/18/2013 12:34:58 PM PST by BooBoo1000 (Some times I wake up grumpy,,, other times I just let her sleep.)
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To: sickoflibs

These ( Can Kickers) need to be retired. Remember ( Not to decide is to decide)


38 posted on 01/18/2013 12:35:16 PM PST by BooBoo1000 (Some times I wake up grumpy,,, other times I just let her sleep.)
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To: sickoflibs

These ( Can Kickers) need to be retired. Remember ( Not to decide is to decide)


39 posted on 01/18/2013 12:35:27 PM PST by BooBoo1000 (Some times I wake up grumpy,,, other times I just let her sleep.)
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To: sickoflibs

These ( Can Kickers) need to be retired. Remember ( Not to decide is to decide)


40 posted on 01/18/2013 12:35:36 PM PST by BooBoo1000 (Some times I wake up grumpy,,, other times I just let her sleep.)
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To: sickoflibs

These ( Can Kickers) need to be retired. Remember ( Not to decide is to decide)


41 posted on 01/18/2013 12:36:03 PM PST by BooBoo1000 (Some times I wake up grumpy,,, other times I just let her sleep.)
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To: sickoflibs

That would be a problem. Then we will end up with a mostly democratic bill with just enough repub votes to get passed just like the plan b fiasco. One way or the other they will end up passing something. I would like to see them introduce a bill to eliminate baseline budgeting. Then a continuing resolution wouldn’t be an automatic increase.


42 posted on 01/18/2013 12:45:42 PM PST by Lurkina.n.Learnin (Superciliousness is the essence of Obama)
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To: BooBoo1000
RE :”These ( Can Kickers) need to be retired. Remember ( Not to decide is to decide)”

Well many here jumped on that complete fantasy that Bohner was going somewhere, but as I easily predicted not on in the house would run against him because not one wants his job.

In December I posted a challenge here about 10 times : call your favority uber-Tea Party conservative and tell him to run for Speaker, and nothing. Not one, not Lou Gohart of TX wants that job.

So a few voted for Mickey mouse and Donald Duck for speaker completely meaningless.

So we can choose Bohner or choose Obama because that is all there is and will be, as you said, not choosing is choosing (Obama)

And never liked Bohnrer but living in fantasy just brings disaster.

43 posted on 01/18/2013 1:59:01 PM PST by sickoflibs (Losing to O is NO principle!)
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To: BooBoo1000
RE :”These ( Can Kickers) need to be retired. Remember ( Not to decide is to decide)”

Well many here jumped on that complete fantasy that Bohner was going somewhere, but as I easily predicted not on in the house would run against him because not one wants his job.

In December I posted a challenge here about 10 times : call your favority uber-Tea Party conservative and tell him to run for Speaker, and nothing. Not one, not Lou Gohart of TX wants that job.

So a few voted for Mickey mouse and Donald Duck for speaker completely meaningless.

So we can choose Bohner or choose Obama because that is all there is and will be, as you said, not choosing is choosing (Obama)

And never liked Bohnrer but living in fantasy just brings disaster.

44 posted on 01/18/2013 1:59:18 PM PST by sickoflibs (Losing to O is NO principle!)
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To: Lurkina.n.Learnin; Arthurio; mike_9958; Perdogg; circlecity; Seattle Conservative; SeekAndFind; ...
RE :”That would be a problem. Then we will end up with a mostly democratic bill with just enough repub votes to get passed just like the plan b fiasco.”

Bohner has (from what I heard not sourced) in this GOP retreat acted as a leader and got Ryan and VO to lecture their members on how their mission is to beat Dems and not just play silly suicide games that help O. It sounds like the 'express yourself' hippy class is over and the leadership has started, FINALLY!

This 3 month extension is the first step.

Pelosi as Speaker was a fighter leader and she didnt tolerate personal agendas that hurt her mission to defeat Rs and then use that power AFTER WINNING ELECTIONS to get her agenda in law.

Thursday a 'I demand the that the House GOP blow it all up' nutbag made the mistake of a personal attack on me so I did a bit of comment diving and unearthed a slew of comments by him before the election saying that this country was dead and not worth defending and that he didn't care which party won the election. That is what we are dealing with, if I was a Dem I would come here and post EXACTLY what he does.

45 posted on 01/18/2013 9:14:24 PM PST by sickoflibs (Losing to O is NO principle!)
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To: lwd
My understanding was the “Big battle” over the debt ceiling was ‘scheduled’ for this March. So this is just to get us to the “real battle” ...where the Repubs will probably agree to jack it up even more.

LOL... OK, it's not really funny.

46 posted on 01/18/2013 9:19:40 PM PST by St_Thomas_Aquinas
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To: sickoflibs
Not one, not Lou Gohart of TX wants that job.

I don't think it's that, as much as it is that an unsuccessful run spells the end of a Republican's career.

47 posted on 01/18/2013 9:25:41 PM PST by St_Thomas_Aquinas
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To: illiac

Smart move... force that fossilized scumbag Reid to finally DO something.
Meanwhile, the African communist can just wait for three months wondering what the Republicans might be up to.


48 posted on 01/18/2013 9:38:40 PM PST by Lancey Howard
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To: circlecity
This is a good idea. Each time it comes up just increase it enough for a couple of month so Obama has to come back over and over begging to borrow more money while never offering to cut a thing. It will keep the focus on the tab the progressive socialists keep running up.

That's a good point.

49 posted on 01/18/2013 9:40:10 PM PST by Lancey Howard
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To: St_Thomas_Aquinas
RE :” Not one, not Lou Gohart of TX wants that job.
....
I don't think it's that, as much as it is that an unsuccessful run spells the end of a Republican’s career. “

Career?? I have thought this out so please consider it.

Here's the thing, he was against plan B, voted against the final resulting worse (but better than nothing) tax bill, and he voted against Bohner.

Obviously his bright Red district rewards him for these purely symbolical acts that do not in any way endear himself with the GOP House leadership. So he has a 100% safe seat and doesnt care what they think.

Him not running made sure that Bohner won.
But more-so he in no way wants Bohners job himself to put up with the same crap.

Lou's job now is to please voters of a small red district.
As Speaker he has to worry about all in his his caucus not just the (about 30%) ones in 100% safe districts like Lou.

I appreciate your sincere question. I was a critic of Bohner long before most 2008 but it is obvious that O is the only alternative to him now.

50 posted on 01/18/2013 9:43:02 PM PST by sickoflibs (Losing to O is NO principle!)
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