House Starts Process to Raise Debt Limit

[Champ]

WASHINGTON (Reuters) - The U.S. House of Representatives on Thursday prepared to raise the nation's debt ceiling by $800 billion, taking the new limit to $8.184 trillion.

The Senate approved the rise, the third in three years, on Wednesday. The House is expected to pass it as well so it can be sent to President Bush (news - web sites) for signing into law. The vote is expected to take place on Thursday evening after the return of lawmakers attending the inauguration of the Clinton presidential library in Arkansas.

"It is a necessary and not unusual step to ensure the government can pay its bills," said Rep. Tom Reynolds, a New York Republican.

The Treasury Department (news - web sites) has been forced to take special accounting measures to avoid piercing the current $7.384 trillion ceiling.

http://story.news.yahoo.com/news?tmpl=story&cid=584&ncid=584&e=1&u=/nm/20041118/pl_nm/economy_debtlimit_dc

[Pirate Smile]

1. Does anybody know who were the four Repubs who abstained or didn't vote

on this bill in the Senate?

[OneTwentyoNine]

3. Don't know,been looking also..

Fundies... you sure know how to pick em don't you?? My GOD,do you have any FUCKING idea the MASSIVE debt Bush and his credit card fiscal policies are creating? DO YOU CARE,CAN YOU HEAR ME?!?!?!

Idiots,every GD one of them that help put this bastard back in office...

[Pirate Smile]

4. I was watching it on C-span 2 and I even heard someone say "I abstain"

but I didn't see them or recognize the voice.

[meti57b]

2. I heard on NPR this am that they had been dipping into ...

the federal employees pension fund. But then I suppose they would like to steal everything out of those folk's pension fund just like they did with Social Security.

[AlCzervik]

8. My friend works for social security

and when i read about that a few weeks ago i called her and asked what the reaction was to it and she was so angry, she said me telling her was the first they had heard of it.

[meti57b]

9. yes, taking employee pension money is outright larceny.

I suppose theres some obscure federal law that lets the administration steal employee pension money.

[DeadManInc]

5. Debt

How about voting to reduce some fucking debt morons?

[coreystone]

6. Rep. Levin speaking now,,,,,acusses of R's of Fiscal Irresponsibility...

:-)

[coreystone]

7. Oh! Bloody sorry about that members....C-Span Live n/t