Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

House rejects debt ceiling bill in ‘political charade’

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

AFP
June 1, 2011

WASHINGTON — Lawmakers voted against raising the US borrowing cap without making cuts in spending, in a Republican ploy Democrats branded a “charade” unworthy of a vital economic issue.

The Treasury says that unless Congress votes to raise the $14.29 trillion debt ceiling by August 2, Washington could be forced to default on its obligations, in a move that would send shockwaves through the global economy.

Republicans, who won the House of Representatives last November amid a mood of steep anxiety over the ballooning size of government debt, will only back raising the debt limit in return for steep cuts in the deficit.

But they set up a vote on a bill they knew would lose — on raising the debt ceiling by $2.4 trillion without a corresponding trim in spending — to show they were serious about getting the budget shortfall under control.

Full article here

Stock up with Fresh Food that lasts with eFoodsDirect (AD)

House rejects debt ceiling bill in ‘political charade’   260310banner2

This article was posted: Wednesday, June 1, 2011 at 2:53 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
NY Times Publishes Fabricated Evidence to Sell WW3 See the rest on the Alex Jones YouTube channel.

Inside Information: A Trail Of Evil See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.