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Republicans Back Down, Ending Crisis Over Shutdown and Debt Limit
NYT ^ | Oct. 16, 2013 | By JONATHAN WEISMAN and ASHLEY PARKER

Posted on 10/16/2013 7:15:33 PM PDT by lonestar67

Edited on 10/17/2013 6:40:18 AM PDT by Admin Moderator. [history]

WASHINGTON — Congressional Republicans conceded defeat on Wednesday in their bitter budget fight with President Obama over the new health care law as the House and Senate approved last-minute legislation ending a disruptive 16-day government shutdown and extending federal borrowing power to avert a financial default with potentially worldwide economic repercussions.

With the Treasury Department warning that it could run out of money to pay national obligations within a day, the Senate voted overwhelmingly on Wednesday evening, 81 to 18, to approve a proposal hammered out by the chamber’s Republican and Democratic leaders after the House on Tuesday was unable to move forward with any resolution. The House followed suit a few hours later, voting 285 to 144 to approve the Senate plan, which would fund the government through Jan. 15 and raise the debt limit through Feb. 7.

snip


TOPICS: Breaking News; Constitution/Conservatism; Front Page News; Politics/Elections; US: New York; US: Texas
KEYWORDS: ashleyparker; cruz; jonathanweisman; newyork; newyorkcity; newyorkslimes; newyorktimes; partisanmediashill; partisanmediashills; shutdown; teaparty; tedcruz; texas; ursulathevk; vikingkitties; zot
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To: The Cajun

We live in Bizzaro world. Must truly be the end times as its full speed ahead train wreck up ahead. What dreck we have as leaders—pure dreck from the cesspool save for a few.


161 posted on 10/16/2013 8:27:17 PM PDT by tflabo (Truth or Tyranny)
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To: mrsmith

Issa!

Just wow. The Crusader of F & F and Benghazi, folds like a cheap suit for this deal. Who would have thunk it? /s

Well, this pretty much tells me where these so-called investigations are going, and that is nowhere ladies and gents. Kabuki theater at its finest.


162 posted on 10/16/2013 8:27:43 PM PDT by princeofdarkness (The GOP is the present version of 1940 France and it will only get worse.)
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To: mrsmel

I have enjoyed the thread. Very entertaining. This will be my last post at Free Republic. I have been outed as a troll. Well not really a troll just a democrat. I will be happy to continue to debate policy my twitter is @ciardetti. As for people trying to justify this cluster I have to laugh. Thanks for 2014, this exercise has been an unmidigated disaster for republicans. On top of which you looked bad doing it. Polling is clear. Wait until the process stories come out on how this temper tantrum costs 24 billion. I bid you all goodbye hope some will engage in civil debat on twitter. If not i will just block. Look at my past posts, I predicted the election and I predicted this debacle. Have fun gang, goodbye.


163 posted on 10/16/2013 8:28:05 PM PDT by chopperjc
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To: Gene Eric
At one time,this may have been possible. At the present time, I believe there are two chances of doing this: Slim and none. After amnesty passes, slim goes out the door.

Out of the 100 Senators I know one, possibly two that can be trusted; Ted Cruz and Lee. Out of 435 Representatives, I know of zero. We as a nation, are not screwed, we are in the most vulgar term possible, fucked.

164 posted on 10/16/2013 8:28:11 PM PDT by sport
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To: bayliving

We’re getting forked several ways than what you mentioned. We’re also gonna pay for their healthcare at 75%. Isn’t the GOPe grand?


165 posted on 10/16/2013 8:28:14 PM PDT by navymom1
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To: what's up

Perception is everything. And perception is the GOP is a bunch of friggin idiots.


166 posted on 10/16/2013 8:28:51 PM PDT by paul544
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To: onyx

Some Conservatives stuck to their guns and even got other Repubs to go along with them. Now we need MORE in 2014!


167 posted on 10/16/2013 8:29:19 PM PDT by DJ MacWoW (The Fed Gov is not one ring to rule the all)
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To: Sarah Barracuda

Of the two, the hookers are the more honorable.


168 posted on 10/16/2013 8:29:33 PM PDT by sport
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To: Ingtar

Well at least my Rep Ted Yoho voted the right way.


169 posted on 10/16/2013 8:29:43 PM PDT by princeofdarkness (The GOP is the present version of 1940 France and it will only get worse.)
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To: Sarah Barracuda

170 posted on 10/16/2013 8:30:53 PM PDT by caww
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To: what's up
What about the provision in this "compromise" Levin was talking about that changes the way future debt ceilings are voted on?

As I understand it would automatically allow for the debt ceiling to be raised whenever Obama wants it and it would require 2/3 majority to stop it.
171 posted on 10/16/2013 8:31:53 PM PDT by John 3_19-21 (Don't like Gramnesty? Support Lee Bright www.brightforsenate.com/)
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To: lonestar67

There goes your freedom.

But at least you moderates got to sit on your asses acting like you were the smartest people in the room eh? :)


172 posted on 10/16/2013 8:32:12 PM PDT by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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To: Girlene

The only way anything will change is to get term limits.

Our founding fathers never dreamed, or I don’t think they did, that anyone would go to congress and stay 40 years.

Their own life style demonstrated that.

If there ever was anyone who was entitled to stay until death, it was the originators. Instead, they served and returned to their farms and businesses.

No congressmen will never vote for term limits.

The only way to get term limits is to have a state constitutional convention.

That takes it out of the hands of congress.


173 posted on 10/16/2013 8:33:20 PM PDT by old curmudgeon
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To: lonestar67

If this was to stop a default debt, that is utterly bullshit,

The only way the US could default on its debt is if Obama simply decides not to pay the interest on the outstanding loans.

“Each month the government collects $250 billion in taxes, and if the Congress decided not to raise the debt ceiling, Secretary Lew would have adequate resources to pay the $23 billion in interest to the public.”

http://www.foxnews.com/opinion/2013/10/16/obamas-victory-on-debt-ceiling-comes-at-terrible-price/?intcmp=trending

Why we would surrender now on that ground is beyond me, frankly with Obama’s Autocratic style of rule that could happen anyway. Not that defaulting on the debt and bring down the US credit rating would be a bad thing.

In fact I would say that would be the best thing that could happen to a democracy. Public debt is after all the great tool of financial unaccountably in politics.

The easier it is for politicians to take loans against future earnings to buy their votes the less likely they are to be held accountable for the cost of their actions.

We should by all rights want to abolish the U.S. Credit rating.


174 posted on 10/16/2013 8:33:28 PM PDT by Monorprise
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To: sport

I agree..even hookers have more dignity than the likes of McConnell and McCain..Id trust a prostitute before Id trust either of those two


175 posted on 10/16/2013 8:33:48 PM PDT by Sarah Barracuda
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To: old curmudgeon
The only way anything will change is to get term limits.

Especially the Romanian kind.

176 posted on 10/16/2013 8:33:53 PM PDT by dfwgator
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To: Delta 21

I hope that it is $ 25.00. Let the bastards that wanted this get a piece of the action.


177 posted on 10/16/2013 8:35:26 PM PDT by sport
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To: John 3_19-21

What about the provision in this “compromise” Levin was talking about that changes the way future debt ceilings are voted on?

As I understand it would automatically allow for the debt ceiling to be raised whenever Obama wants it and it would require 2/3 majority to stop it.


Don’t forget a very important point.

As it is now, congress critters must vote to raise the debt limit.

That puts their name on the line and those who oppose it can vote accordingly.

Under the new law, all the critter has to do is sit still and say nothing. His name does not end up on an ugly list.

A very very under the table way of stealing our money with no bad press.


178 posted on 10/16/2013 8:37:12 PM PDT by old curmudgeon
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To: princeofdarkness

Well, anyone with a leadership position was ordered to vote for it by Boehner.

Still sad to see.


179 posted on 10/16/2013 8:37:45 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: sport

>> We’re screwed

Imagine we all registered as Democrats.


180 posted on 10/16/2013 8:40:20 PM PDT by Gene Eric (Don't be a statist!)
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