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House votes to push debt limit deadline to mid-May
nbcnews.com ^ | January 23, 2013 | Michael O'Brien

Posted on 01/23/2013 11:35:19 AM PST by John W

The House of Representatives authorized a suspension of the nation’s debt limit through mid-May, delaying a default on the government’s obligations that would have taken effect in February.

The GOP-controlled House voted 285 to 144 to comfortably pass a three-month extension in the government’s borrowing authority just as Senate Democratic leaders suggested they would take up and pass the legislation as soon as they could.

The vote early Wednesday afternoon by the House would forestall a default on the national debt. The Treasury Department had warned that the government would exhaust its authority to borrow to finance its existing obligations by the middle of February.

(Excerpt) Read more at firstread.nbcnews.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: caved; debtceiling; house

1 posted on 01/23/2013 11:35:27 AM PST by John W
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To: John W

GOPe caves again

shocking? Nope.


2 posted on 01/23/2013 11:40:53 AM PST by GeronL (http://asspos.blogspot.com)
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To: John W

Excellent! Now with that out of the way the GOP can really focus on spending cuts. Let the battle begin!


3 posted on 01/23/2013 11:41:05 AM PST by TheRhinelander
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To: TheRhinelander

LMAO The battle is no battle , the GOP is nothing.

Chicken hearted group of losers.


4 posted on 01/23/2013 11:43:43 AM PST by Venturer
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To: John W

last straw for me.


5 posted on 01/23/2013 11:44:11 AM PST by Daveinyork (."Trusting government with power and money is like trusting teenaged boys with whiskey and car keys,)
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To: John W

What a waste these folks are.

If they really wanted to solve this they would’ve required a budget first, before voting on the debt ceiling.

This will go nowhere when budget resolutions are provided, but not passed.

Total crock it is!


6 posted on 01/23/2013 11:46:10 AM PST by fruser1
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To: John W

Of course.


7 posted on 01/23/2013 11:46:36 AM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: TheRhinelander

lol. They were going to demand spending cuts in exchange for this too, remember? The Dems just don’t answer those phone calls and the GOPe negotiates themselves down to capitulation on their own.


8 posted on 01/23/2013 11:47:34 AM PST by GeronL (http://asspos.blogspot.com)
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To: FReepers; Patriots; FRiends



Along with obliging RINOS


Please Support Free Republic.

America's Exclusive Site for God, Family, Country, Life & Liberty Conservatives!

9 posted on 01/23/2013 11:47:45 AM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: John W
delaying a default on the government’s obligations that would have taken effect in February.

I'm sorry ABC but No DEFAULT would take place. Default implies that principle and interest on out debt will not be paid.

10 posted on 01/23/2013 11:53:34 AM PST by CPT Clay (Follow me on Twitter @Clay N TX)
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To: John W
Ignorant, Michael O'Brien of NBC. Question is, is it an error of omission(ignorance) or comission(lying deception)
11 posted on 01/23/2013 11:58:04 AM PST by CPT Clay (Follow me on Twitter @Clay N TX)
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To: John W

“go away or I will taunt you a second time!”

Oh noes! no paycheck, I’ll have to live of the interest of my millions!


12 posted on 01/23/2013 12:07:55 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: John W

Obama is gonna keep rolling them all the way to a Dem Majority in 2014.


13 posted on 01/23/2013 12:10:17 PM PST by Buckeye McFrog
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To: GeronL

From now on we shouldn’t call them RINOs anymore. They like the French in WW II before them are willing to do anything to hold onto a little power regardless of the cost to the rest of us. They are now the Vichy Republicans.


14 posted on 01/23/2013 12:21:12 PM PST by SCHROLL
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To: John W
The GOP-controlled House voted 285 to 144 to comfortably pass a three-month extension in the government’s borrowing authority just as Senate Democratic leaders suggested they would take up and pass the legislation as soon as they could.

Please tell me that spending cuts were included with this. Surely the Republicans aren't stupid enough to give Obama what he wants with no strings attached. Are they?

15 posted on 01/23/2013 12:23:59 PM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: John W
Meet your 2013 GOP Leadership...

************

Cats_Two

16 posted on 01/23/2013 12:24:38 PM PST by Wings-n-Wind (The main things are the plain things!)
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To: SCHROLL

bump


17 posted on 01/23/2013 12:27:27 PM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

” CAN KICKERS EL SUPREMEO’ Not to decide is to decide.


18 posted on 01/23/2013 12:37:19 PM PST by BooBoo1000 (Some times I wake up grumpy,,, other times I just let her sleep.)
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To: John W
Most here are too young to remember but George #41 was known for the phrase, “Read my lips, no new taxes.” Well, he was always fighting an uphill battle with a Democrat Congress and they had him stalled, back to the wall. He finally agreed to new taxes if, and only if, Congress would cut spending by a particular amount - a lot. They signed the agreement. The new taxes were put in place with the cuts to follow. Only the dishonest Dems lied (again) and had no intention to follow their agreement with #41. Cuts were never made and they hung that phrase around his neck like an anchor thrown into the sea -”Read my lips, no new taxes.” #41 was finished in the world of politics.
19 posted on 01/23/2013 12:45:14 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: John W

Do we the people have representation in the House? Our only hope, the GOP, can’t seem to stop or even slow the monster growing in DC.

It seems like I must say to the GOP, that I’m not fooled by foolery:
Every single thing DC does requires you to be a part of it. I know that all you have to do is vote for what should be passed and vote against what should not be passed.

You could have and can simply defund the _health_care_act_ and you should not be refunding USG with more debt at all.

USG, an ex-republic, has become an unconstitutional democracy and is clearly:
a government gone wild.


20 posted on 01/23/2013 12:47:24 PM PST by veracious
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To: Hoodat
aren't stupid enough to give Obama what he wants with no strings attached

After 3 years they finally got the Senate (Reid) to commit to offering a budget.

21 posted on 01/23/2013 12:54:51 PM PST by what's up
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To: John W

........................................


22 posted on 01/23/2013 1:07:19 PM PST by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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To: Wings-n-Wind

That’s an insult to pu$$ys everywhere!

Even cats have more nads that the Boner Losers Club.


23 posted on 01/23/2013 1:13:36 PM PST by XenaLee (The only good commie is a dead commie.)
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To: elpadre

And then Barry came along and promised no new taxes OF ANY KIND to anyone making over $250,000 a year....

and then proceeded to pass ObamaCare...a gigantic TAX...especially on the middle class.

Funny how those double-standards work, eh?


24 posted on 01/23/2013 1:16:38 PM PST by XenaLee (The only good commie is a dead commie.)
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To: John W

Except that I get less of my paycheck, what did the ‘fiscal cliff’ thing do? Hey House, that’s some good leverage you got there.


25 posted on 01/23/2013 1:24:03 PM PST by PatriotCause (California Sucks)
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To: XenaLee
Your point is well-taken....
*****************

Gongshow1

*****************

:-)

26 posted on 01/23/2013 1:36:14 PM PST by Wings-n-Wind (The main things are the plain things!)
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To: Daveinyork
last straw for me.

The last straw for me was the Romney nomination(by the MSM and the Dhimmicrat Party). And the subsequent loss in November.

Time for a new party.

27 posted on 01/23/2013 1:43:48 PM PST by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: John W
The vote early Wednesday afternoon by the House would forestall a default on the national debt.

WRONG - THE ONLY REASON FOR A "DEFAULT" IS THE CLOWN IN THE WHITE HUT IF HE CHOOSES NOT TO MAKE THE DEBT PAYMENTS.

The US Government takes in all the cash it needs in one month to pay the debt payment on all of it's outstanding debt, with enough left over to continue paying socialism security, medicare and probably medicaid and the military, for any given month right now today (Jan 2013). SOME OF OBAMA'S PEOPLE RIDING IN THE WAGON MAY NOT GET THEIR WELFARE, UNEMPLOYMENT, AND OTHER ASSOCIATED GOODIES BEING HANDED OUT BY BARAQ O'CLAUS.
28 posted on 01/23/2013 3:04:44 PM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: John W

You cannot even say they caved this time...

The GOPe are like a donkey at the Kentucky Derby that has backed into the starting gate.... they did not even start in the right direction.


29 posted on 01/23/2013 3:18:23 PM PST by eartick (Been to the line in the sand and liked it)
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To: fruser1

“If they really wanted to solve this they would’ve required a budget first, before voting on the debt ceiling.”

Exactly! They just handed over any upper hand they may have had.


30 posted on 01/23/2013 3:26:10 PM PST by Wisconsinlady (The 2nd amendment is NOT about hunting-but protection from a tyrannical govt)
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To: John W

Does anyone have a link as to how they voted?


31 posted on 01/23/2013 3:37:36 PM PST by Wisconsinlady (The 2nd amendment is NOT about hunting-but protection from a tyrannical govt)
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To: TheRhinelander

“Now with that out of the way the GOP can really focus on spending cuts. Let the battle begin!”

BwaaaaaHaaaaHaaaa!


32 posted on 01/23/2013 3:53:48 PM PST by RKBA Democrat
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To: fruser1
Do I understand this article correctly? Did the Republicans just say that there is no national debt limit at all for the next three months? Did the Republicans just say that Obama Can borrow as much money as he wants without any further consent from Congress?

If yes, then the REPUBLICANS just declared that Obama has the complete power of the purse for 3 entire months. A huge violation of the principles of the Separation of Powers, and probably an unconstitutional delegation of a power to the executive branch.

Are there any restrictions on Executive power here at all? What is going to stop the Obama Administration from borrowing as much money over the next three months so that he never needs to ask Congress for money ever again?

33 posted on 01/23/2013 3:53:54 PM PST by old republic
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To: John W; All

Most folks are a bit displeased here, but 4 months is only four months, geez!? Incremental means of forcing the Senate and President in taking responsibility is definitely fine by my account.

It’s highly symbolic for the Senate not to get paid and would win HUGE political points if they didn’t attempt to reconcile with the house. Am I getting something wrong? Inform me, please.

“The bill, which Republican leaders unveiled last week, would suspend the debt limit through May 18 and require both the House and the Senate to produce and pass a budget resolution in the meanwhile, with a deadline of April 15. If either chamber fails to pass a budget, its pay would be put into escrow – “No Budget, No Pay” goes the newly-minted Republican slogan to describe this strategy.”


34 posted on 01/23/2013 3:54:23 PM PST by Rick_Michael (We are becoming a Mediocracy: By and For the mediocre. The flock of the wise must gather.)
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To: John W; All

This is actually, finally, a SMART thing that the GOP is doing.

They are picking a fight with Harry Reid, and this needs to be done.

They are forcing the Senate to pass a budget.


35 posted on 01/23/2013 4:07:46 PM PST by Kansas58
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To: veracious

“Our only hope, the GOP, can’t seem to stop or even slow the monster growing in DC.”

I suggest re-examining your premises. The Vichy gop has no interest in stopping or slowing anything. They profit from the current “arrangement” and we’re fools if we think they’ll do anything that endangers that.

This is a one party system, and the Vichy gop wing of that one party has it’s part to play in keeping conservatives relatively quiet and complacent.


36 posted on 01/23/2013 4:50:42 PM PST by RKBA Democrat
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To: old republic

“Are there any restrictions on Executive power here at all? What is going to stop the Obama Administration from borrowing as much money over the next three months so that he never needs to ask Congress for money ever again?”

You’ve already answered your own questions.

The gop. Our Conservative Friends.

/sarc


37 posted on 01/23/2013 4:54:09 PM PST by RKBA Democrat
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To: Vaquero

What can be accomplished by creating another party that cannot be accomplished by taking over the GOP?


38 posted on 01/23/2013 7:52:24 PM PST by DangerZone (If the left had their way, all of America would be as safe as Sandy Hook Elementary.)
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To: Vaquero

“Time for a new party. “

I think it’s time to go galt. The majority of Americans now believe in the free lunch.


39 posted on 01/24/2013 4:12:41 AM PST by Daveinyork (."Trusting government with power and money is like trusting teenaged boys with whiskey and car keys,)
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To: Kansas58

Wrong. Put the pom-poms down.

Yet again, reading the bill, they kick the can and will fund up to when the can stops rolling.

They could have easily been on all radio/shows, that would have them, and re-iterated, per LAW, all debts are paid first...there is NO default.

No, the GOPe caved (and water is still wet).


40 posted on 01/24/2013 6:04:57 AM PST by i_robot73
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To: old republic
Do I understand this article correctly? Did the Republicans just say that there is no national debt limit at all for the next three months? Did the Republicans just say that Obama Can borrow as much money as he wants without any further consent from Congress?

That's what I got out of it after reading 3 articles from various conservative publications.

They didn't raise it to 17.8 trillion. They didn't put a limit on it at ALL. Just what Obama demanded, that he have control of the debt limit.

Hope I'm wrong, REALLY hope so. But I don't think I am.

41 posted on 01/24/2013 8:16:52 AM PST by HeartlandOfAmerica (Get in touch with your galtitude!)
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To: John W

House votes to Allow Obama to Enslave our Children in DEBT, unobstructed until May.

There fixed title.


42 posted on 01/24/2013 8:26:45 AM PST by eyeamok
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