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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
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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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