As the battle rages in Congress on ways to reduce the huge national debt, Republicans tried Tuesday, May 31 maneuvers deemed "irresponsible" by the Democrats: reject a necessary increase in the indebtedness of the United States if heavy budgetary sacrifices are not attached. Unsurprisingly, the House of Representatives rejected by 318 votes against 97 an increase of 2 400 billion debt ceiling of the United States, when the battle rages in Congress on ways to reduce the deficit U.S..
Opponents of President Barack Obama - who hold the majority in the House since January - have distinguished themselves by introducing this bill, then simply by deciding to vote overwhelmingly against. Purpose of the maneuver: to show that any vote on raising the debt ceiling should be accompanied, they say, cuts spending, which is not the case of the proposed text, and put the Democrats for spending too .
The vote also had the effect of dividing the Democrats, of which 97 have votépour, and 80 cons. "Today, we show clearly that the Republicans will not accept an increase in our indebtedness without substantial budget cuts and real reforms," said David Camp Republican author of the bill. However, raising the debt ceiling is necessary, according to the Treasury to avoid a default that would have adverse consequences on the U.S.
economy, just convalescing after the financial crisis. Democratic side, several elected officials have deemed "irresponsible" to raise a vote on a measure and then vote against it. The Democrat group leader, Nancy Pelosi, described the move as "not serious" and urged to vote "no." A White House spokesman Jay Carney simply said that "the debt cap should be and will be raised." He added that he thought the president would have enough votes to pass this term to measure when it will be agreed between both parties.
For several weeks, Democrats and Republicans are engaged in difficult negotiations over the budget cuts. Democrats reject the cuts demanded by Republicans, including Medicare (health insurance for the elderly). Negotiations between the two parties were to continue Tuesday, led by the Vice-President Joe Biden.
Democratic Senator Robert Menendez and 19 colleagues wrote to him asking him to insert in any agreement on raising the debt ceiling to a measure ending tax breaks for large oil companies. Pending a permanent solution, many Republicans have sided with the senator from Pennsylvania, Patrick J.
Toomey, who argues that the Treasury pays the bondholders with proceeds from the income tax, while deferring other government expenditures until later, reports the New York Times. The current limit on the debt secured by the Congress is 14 294 billion. However, that amount was reached on May 16, according to the Treasury Department, which has blocked the progression of the debt just under this limit.
Now, Congress has until August 2 to agree on raising the ceiling. The 2 400 billion text discussed on Tuesday, represents the amount necessary for the continued operation of the federal state until late 2012. The U.S. budget deficit expected to reach about 1 600 billion this year. 
Opponents of President Barack Obama - who hold the majority in the House since January - have distinguished themselves by introducing this bill, then simply by deciding to vote overwhelmingly against. Purpose of the maneuver: to show that any vote on raising the debt ceiling should be accompanied, they say, cuts spending, which is not the case of the proposed text, and put the Democrats for spending too .
The vote also had the effect of dividing the Democrats, of which 97 have votépour, and 80 cons. "Today, we show clearly that the Republicans will not accept an increase in our indebtedness without substantial budget cuts and real reforms," said David Camp Republican author of the bill. However, raising the debt ceiling is necessary, according to the Treasury to avoid a default that would have adverse consequences on the U.S.
economy, just convalescing after the financial crisis. Democratic side, several elected officials have deemed "irresponsible" to raise a vote on a measure and then vote against it. The Democrat group leader, Nancy Pelosi, described the move as "not serious" and urged to vote "no." A White House spokesman Jay Carney simply said that "the debt cap should be and will be raised." He added that he thought the president would have enough votes to pass this term to measure when it will be agreed between both parties.
For several weeks, Democrats and Republicans are engaged in difficult negotiations over the budget cuts. Democrats reject the cuts demanded by Republicans, including Medicare (health insurance for the elderly). Negotiations between the two parties were to continue Tuesday, led by the Vice-President Joe Biden.
Democratic Senator Robert Menendez and 19 colleagues wrote to him asking him to insert in any agreement on raising the debt ceiling to a measure ending tax breaks for large oil companies. Pending a permanent solution, many Republicans have sided with the senator from Pennsylvania, Patrick J.
Toomey, who argues that the Treasury pays the bondholders with proceeds from the income tax, while deferring other government expenditures until later, reports the New York Times. The current limit on the debt secured by the Congress is 14 294 billion. However, that amount was reached on May 16, according to the Treasury Department, which has blocked the progression of the debt just under this limit.
Now, Congress has until August 2 to agree on raising the ceiling. The 2 400 billion text discussed on Tuesday, represents the amount necessary for the continued operation of the federal state until late 2012. The U.S. budget deficit expected to reach about 1 600 billion this year.
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