From USA TODAY:
The U.S. House today rejected a GOP bid to increase the debt limit without any spending cuts to go along with it, in an effort designed by Republicans to put President Obama and Democrats on the political hot seat.
The bill was set up to fail by House Speaker John Boehner and his leadership team to show the need for deep spending cuts and budget changes to go along with any increase in the nation’s $14.3 trillion borrowing authority.
In the end, the bill was rejected on a 97-318 vote. No Republicans voted for the measure…
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EDITOR: This is political madness. First the Republicans squander the Clinton budget surpluses by fighting a senseless war in Iraq and upping Medicare medicine subsidies without paying for either and by cutting taxes for the rich to the lowest levels in close to a century. Then they blame the Democrats for the national debt! Worse, instead of dealing with the deficit as part of the budgetary process, the House Republicans are trashing the nation’s credit worthiness by holding payments of our debt as hostage for political purposes. Have they no sense of shame?
