Bayh, Conrad, Feinstein, Lieberman and Warner form national suicide pact »
Posted By tehranchik 1 week, 3 days ago in Political News
Senators from both parties on Tuesday put new pressure on Speaker Nancy Pelosi to turn the power to trim entitlement benefits over to an independent commission.
Seven members of the Senate Budget Committee threatened during a Tuesday hearing to withhold their support for critical legislation to raise the debt ceiling if the bill calling for the creation of a bipartisan fiscal reform commission were not attached. (...)
(...) Congress is under pressure to raise the cap on what the federal government can borrow by mid-December. If the debt ceiling is not raised above its current $12.1 trillion mark by then, the government will exceed its borrowing limits and will be forced to default on the debt. Economists have warned that the inevitable result would be a lowering of the U.S. credit rating, triggering substantial increases in the interest rates the government is already paying.
But before Tuesday's hearing was over, Sens. Conrad, Gregg, Evan Bayh (D-Ind.), Dianne Feinstein (D-Calif.), Mark Warner (D-Va.), Joe Lieberman (I-Conn.), George Voinovich (R-Ohio) and Jeff Sessions (R-Ala.) publicly vowed to vote against raising the debt ceiling if a budget reform commission bill doesn't come along with it.
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tehranchik
Well, I'm from and live in the Pacific Northwest. I did live in the middle east during the late 70's and early 80 ...
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loupgarous1 week, 2 days ago
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The true authors of the national suicide pact are Obama, Pelosi, and every son of a bitch who inserted an earmark on a spending bill in the past fifty years.
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Oh, let me re-emphasize - Obama, for signing that earmark-laden stimulus bill just after being elected on a promise he would veto any spending bill with earmarks on it. Obama IS a liar.-
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Jeboba1 week, 2 days ago
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Then you have to condemn the Republicans and Bush who put through more pork than any other administration and congress in the history of our nation. Bush vetoed NONE of it. But of course it's all Obama and the Democrats fault now. Right?
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You really need to learn a little history before you start making stupid statements and proving you are a fool that is manipulated by the right wingnuts.
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