House passes Boehner’s debt ceiling plan.

[Ponce]

I told you guys that it was going to pass, the poleticians knows that the banks (Zionist "Jews") are the ones putting the butter in their bread.........long article, go to link for the rest.
==========================================


House passes Boehner’s debt ceiling plan.
.
.By Chris Moody
28 mins ago

Susan Walsh (AP)
With days before the Aug. 2nd deadline to raise the nation's $14.3 trillion debt ceiling, the House approved a proposal from House Speaker John Boehner. The final vote was 218 members--all Republicans--voting for the bill, with 210 against. Passage of the Boehner plan came a day after House leaders had originally intended to hold a vote on the measure--and after several days of intensive lobbying and arm twisting by Republican lawmakers.

http://news.yahoo.com/blogs/ticket/house-passes-boehner-debt-ceiling-plan-223457649.html

[JohnQPublic]

It's passed the House, but needs to get through the Sentate, too. We may not make it. Even if we do, it takes some time to get implemented.

[Cebu_4_2]

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/07/29/bloomberg1376-LP2TG91A1I4H01-3J7MOHPTE260PQRELU1IL6RL3L.DTL

U.S. House Votes to Increase Debt Ceiling, Senate Opposes Plan



Friday, July 29, 2011
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(For more on the debt debate, see EXT6 <GO>.)
July 19 (Bloomberg) -- The House passed Speaker John Boehner's plan to raise the U.S. debt limit and cut spending, a bill Senate Democrats say they will kill as they press for an alternative approaching an Aug. 2 deadline to avoid default.
"We've done everything we can to find a common-sense solution," said Boehner of Ohio, who pressed reluctant members of his own party to support a measure that Senate Democratic leaders plan to table and President Barack Obama has pledged to veto. ''This House has acted,'' the speaker said, and it's time for Democrats and Obama "to put something on the table."
The vote was 218-210, with no Democrats voting for it.
House Democratic leader Nancy Pelosi of California said Republicans, with deep spending cuts tied to their debt-ceiling increase, are trying to dismantle decades of bipartisan legislative progress designed to help middle-class Americans.
The Republicans' goal "is to reduce the public role in the lives of the American people," Pelosi said on the House floor before the vote. "This bill is going nowhere; it is a total waste of time," she said. "The clock is ticking on the need for us to raise the debt ceiling so we do not default on our past obligations."
Senate Majority Leader Harry Reid said his chamber would move immediately to kill Boehner's plan. Reid, a Nevada Democrat, planned to proceed to a vote on his competing measure while holding out hope for a compromise with Republican leaders as they near an Aug. 2 deadline set by the Treasury Department for action on the debt limit.
Treasuries Rallied
As negotiations in Washington intensified, Treasuries rallied, sending yields on 10-year notes to the lowest level since November. The yield on 10-year Treasury note yields declined 15 basis points to 2.79 percent at 4 p.m. in New York. Stocks fell as economic growth trailed forecasts The Standard & Poor's 500 Index slipped 0.7 percent and tumbled 3.9 percent this week for its worst slide in a year.
Lawmakers are working through the weekend. Senate procedures would allow an initial vote on Reid's plan at about 1 a.m. on July 31, and the measure could be altered any time before that vote. A Senate vote then could be held at about 7 a.m. on Aug. 1, allowing the measure to return to the House before the Aug. 2 deadline.
Obama may invite congressional leaders back to the White House for more talks, according to a Democratic official. No decision has been made about further discussions between Obama and Democratic and Republican congressional leaders, said the official, who wasn't authorized to speak publicly about the administration's strategy.
AAA Rating
While Obama and Vice President Joe Biden have been in contact with lawmakers, the president hasn't talked with Boehner in recent days, the official said.
"If we don't come to an agreement, we could lose our country's AAA credit rating, not because we didn't have the capacity to pay our bills -- we do -- but because we didn't have a AAA political system to match our AAA credit rating," Obama said earlier today at the White House.
Obama said with Democrats and Republicans in "rough agreement" on plans to raise the nation's debt limit within days of a threatened default, the time for compromise is "now."
The Treasury Department has said the U.S. will breach its borrowing limit and run out of options for avoiding default if the $14.3 trillion debt ceiling isn't raised by Aug. 2.
Senate Budget Committee Chairman Kent Conrad expressed confidence that lawmakers will head off a default.
Averting Disaster
"Work expands to fill the time. We certainly know that's true here," Conrad, a North Dakota Democrat, said in an interview on Bloomberg Television's "Political Capital with Al Hunt," airing this weekend. "Leaders on both sides are sufficiently responsible that they understand if there were a default, it would be a disaster for this country."


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[Horn]

Are we game on for more demand destruction, yet?

[osoab]

Yawn, wake me when the cut of S.S.

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