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Is there yet hope of saving the nation from Obama?

http://washingtonexaminer.com/politics/2011/05/dems-join-gop-defeat-bill-
raise-debt-ceiling

Dems join GOP to defeat bill to raise debt ceiling

By: Susan Ferrechio 05/31/11 8:05 PM
Chief Congressional Correspondent Follow us @Examinerpolitic
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House Speaker John Boehner of Ohio is seen during his weekly news 
conference on Capitol Hill in Washington, Thursday, May 26, 2011. (AP 
Photo/Harry Hamburg)

The House Tuesday overwhelmingly defeated a bill that would raise the 
nation's debt ceiling after a partisan debate filled with political 
mudslinging that provided no clear plan for how the nation will increase 
its borrowing limit to avoid defaulting on loans. 
The final vote was 318 to 97 against raising the debt ceiling, with dozens 
of Democrats joining the GOP majority in defeating the politically 
unpopular measure.

Treasury Secretary Tim Geithner has warned Congress that is must vote to 
raise the nation's $14.3 trillion debt ceiling by Aug. 2 or risk shattering 
the nation's fragile economy by causing the United States to default on its 
loans.

But Republicans are refusing to raise the limit without serious spending 
cuts that at least match the $2 trillion in additional borrowing authority 
Geithner is seeking. The GOP put a bill on the floor Tuesday that would 
have allowed for raising the debt ceiling by $2.4 trillion without any 
accompanying cuts. Their point was to demonstrate that Democrats also 
oppose raising the debt ceiling without spending reforms. The final vote 
saw 82 Democrats join all the Republicans in voting against raising the 
debt ceiling.

"It's important we send a clear signal, that there will not be an 
unconditional increase in the debt limit and we're serious about addressing 
our debt limits and we've seen the signals from the financial markets and 
heard what our constituents have said," said David Camp, R-Mich., chairman 
of the House Ways & Means Committee.

Democrats accused the GOP of playing a "political charade" by calling for a 
vote to raise the debt ceiling that is sure to fail but could end up 
seriously rattling financial markets. They pointed out news articles which 
claimed that Republicans had to convince the business community that 
Tuesday's debt ceiling vote was just a political move.

"Bringing up this bill in this fashion is a ploy so egregious the 
Republicans spent the last week pleading with Wall Street not to take it 
seriously and risk our economic recovery," said Rep. Sander Levin of 
Michigan, the top Democrat on Ways & Means. "If Republicans were being 
truthful, they'd admit they are looking for political cover, but in doing 
so, they risk blowing a hole in our nation's economy."

House Minority Leader Nancy Pelosi, D-Calif., said she was voting against 
the bill because it is "predicated on a false premise," that the 
president's budget necessitates an increase in the debt by $2.4 trillion. 
She and other Democrats argued that the debt ceiling increase is needed to 
avoid default on debt accumulated during the administration of President 
George W. Bush.

But Republicans pointed out that Obama has been increasing the debt limit 
at twice the pace of the Bush administration and that voters are demanding 
the spending come to a halt.

"This vote today basically says we are not going to grant the president 
unconditional increase in how much America can borrow," said Rep. Kevin 
Brady, R-Texas.







-- 
"Without America there is no "Free World"."

The reason that Progressivism-Socialism-Communism always fail, is that you 
eventually run out of other peoples' money.

Obama and the Democrats: continuing the Cloward-Piven "Progressive" 
socialist agenda of borrowing, taxing and insanely spending the country 
into collapse and global socialism.

To be a good democrat, you have to believe that businesses create 
oppression and governments create prosperity.

"The one thing that's being pushed in this country, is the motto: The 
harder I work, the more I owe society. The less I work, the more society 
owes me. We  can't be a great country with that motto." - Charles Payne.

All forced-collectivist societies can be roughly divided between the Makers 
( producers of goods and services ) and the Takers ( moochers and looters 
who get the government to initiate force against the Makers by proxy, to 
supply their alleged needs. )