Struggle to Solve Debt Limit Crisis Goes On
Pump spending up as high as possible, trigger a crisis, and use the crisis to force through higher taxes. Obama has, at least, played true to form.
By Heritage Foundation Mike Brownfield—— Bio and Archives--July 29, 2011
American Politics, News | Comments | Back To Full Article
Last night, the House of Representatives was set to vote on House Speaker John Boehner’s (R–OH) plan to raise the debt ceiling, as the projected August 2 deadline looms. Failing to round up enough votes to secure the bill’s passage, House Republicans closed up shop for the night and are scheduled to reconvene this morning, hoping to bring a bill back to the House floor with enough support to pass, as Politico reports. Inside baseball, last-minute vote wrangling aside, a much larger problem remains: Even if the Boehner bill passed and became law, America would continue its downward spiral into a fiscal abyss with no end in sight.
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