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Wednesday, January 18, 2012

Debt ceiling crash: Let the game begin…strike begin and replace with continue

Here we go again, the Democrat/Republican charade continues as Republicans approve a resolution opposing the debt-limit hike. If they really wanted to stop it they wouldn’t have approved the Budget Control Act.

But this will allow them to say they voted against the hike when they know all along it’s going to be raised because of the Budget Control Act.

Everyone in congress is not a part of the game but the leadership of both parties are and enough of the rest are either corrupt, blackmail targets, or unprincipled so that the outcome is virtually assured before anything is ever taken up.

Why else do you think would the country always move towards the left? Why never right?

There is no Democrat/Republican, no liberal/conservative, no left/right, only the game…and the game is controlled by the ‘ruling class’!

And the ‘ruling class’ is busy building the new world order!

House approves resolution opposing Obama's debt-limit hike

By Pete Kasperowicz - 01/18/12 04:25 PM ET

The House on Wednesday evening approved a resolution disapproving of President Obama's request to increase the debt ceiling by another $1.2 trillion, sending it to a Senate that is expected to reject it.

The House approved the resolution in a 239-176 vote in which just one Republican voted against it, and six Democrats voted for it. But the vote fell far short of the two-thirds majority that would be needed for passage if Obama were to veto the resolution.

House Rules Committee Chairman David Dreier (R-Calif.) was the only Republican to vote against the resolution. Two Republicans voted "present": Reps. Jeff Landry (La.) and Joe Walsh (Ill.).

Democrats voting yes were Reps. Jason Altmire (Pa.), John Barrow (Ga.), Dan Boren (Okla.), Larry Kissell (NC), Jim Matheson (Utah), and Mike McIntyre (NC).

Democrats spend the day arguing that the resolution was a waste of time. Democratic National Committee Chairwoman Debbie Wasserman Schultz (D-Fla.) called it a "political stunt," and House Minority Whip Steny Hoyer (D-Md.) said the vote was designed to give Republicans the appearance that they oppose the debt-ceiling increase, even though the increase was all but assured in legislation that Congress approved last year.

"This is a game that will say, see, I voted against debt," Hoyer said.

Under last year's Budget Control Act (BCA), Obama has the authority to call for an increase in the debt ceiling by $1.2 trillion. This increase can only be avoided if both the House and Senate pass resolutions of disapproval, although the Senate is not expected to follow suit.

Republicans used the resolution as an opportunity to again stress the importance of cutting spending, and to argue that Congress has yet to take this issue seriously. Republican presidential candidate Ron Paul (R-Texas) returned from the campaign to warn of global consequences if Congress fails to curb spending.

"I believe we're in denial here in the Congress," Paul said on the House floor. "If we had the vaguest idea of how serious this crisis is financially, not only for us but for the world, we'd cut spending, because you can't solve the problem of debt by accumulating more debt."

Paul deadpanned that the federal government's overspending is at least be limited to two places.

"Where do we spend too much money? In two places: overseas and domestically."

But some Republicans complained that House Republicans should never have approved the BCA in the first place, since it essentially gives authority over the debt ceiling to Obama, and leaves Congress with a weak hand.

"We have in effect given the president of the United States the ability to raise the debt ceiling without ... having any control whatsoever, and that’s just wrong," Rep. Dan Burton (R-Ind.) said.

"We should never have passed the Budget Control Act the way we did. This body should always have the ability to stop raising the debt ceiling."

Are you prepared for the coming collapse? How do you plan to feed your family? When your dollar is worthless, and the government has confiscated your gold, how will you buy food?

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