Sweetness & Light
From a relieved Reuters:
U.S. debt limit vote set for Wednesday; Obama likely to sign
By Mark Felsenthal and David Lawder | January 23, 2013
WASHINGTON (Reuters) – A measure to extend the U.S. debt limit for nearly four months moved closer on Tuesday to a vote and the White House said the president would sign the bill if it cleared Congress, easing uncertainty that could have threatened the U.S. economy.
You see, it was the “uncertainty” that we might not borrow more money that is threatening the US economy. Not the massive amount of debt we have racked up.
The debt limit “suspension,” which would allow the government to borrow money until May 19, is due to come to a vote in the Republican-controlled House of Representatives on Wednesday without amendments.
House Rules Committee Chairman Pete Sessions of Texas said he believed the measure would achieve “near unanimous support” from the House Republican caucus, which would guarantee its passage.
How wonderful! We wouldn’t want any dirty amendments involving spending cuts messing this up. Being able to borrow more money from the Chinese is too important to play around with.
President Barack Obama “would not stand in the way of the bill becoming law,” White House spokesman Jay Carney said earlier at a briefing. Democratic Senate Majority Leader Harry Reid has similarly expressed approval.
Isn’t compromise beautiful? And just look at all the wonderful things the Republicans got for caving.