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House Passes Three-Month Debt Limit Extension

Jan. 23, 2013 1:31pm Becket Adams

The U.S. House of Representative voted 285-144 on Wednesday to authorize a three-month increase in the nation’s debt limit, giving the U.S. Senate even more time to come up with a budget.

The House has passed #NoBudgetNoPay in a 285-144 vote.

— Eric Cantor (@GOPLeader) January 23, 2013

Included in the bill, dubbed “No Budget, No Pay,” is a provision that halts all paychecks to U.S. lawmakers’ if they fail to come up with a budget plan on time.

Shortly after the bill cleared the House, Senate Majority Leader Harry Reid (D-Nev.) assured members of the press that it would also pass the senate. Once the bill passes the senate, it will make its way to President Obama’s desk.

“The measure would suspend the $16.4 trillion cap on federal borrowing and reset it on May 19 to reflect the additional borrowing required between the date the bill becomes law and then,” the Associated Press notes.

“The amount of borrowing required depends on the tax receipts received during filing season, but over a comparable period last year the government ran deficits in the range of $150 billion,” the report adds.

House Republicans hailed the bill’s passage.

“Balancing the budget over the next 10 years means that we save the future for our kids and our grandkids,” said House Speaker John Boehner (R-Ohio). “It also means that we strengthen programs like Social Security and Medicare and Medicaid that can’t continue to exist in their current form without some kind of controls.”

However, not all House Republicans were for the bill. Among those who voted against it were Reps. Bachmann, Steve King, Broun, Yoho, Stockman, Amash, and Massie .

Can duly kicked.

— daveweigel (@daveweigel) January 23, 2013

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RELATED:

House GOP Set to Pass Three-Month Debt Ceiling Extension: Is This a ‘Cave’ or Something Bigger?

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Comments (65)

Proud Southerner
Posted on January 24, 2013 at 5:24pm
When will the GOP do what they said that they would do. Balance the budget and bring spending under control?
Lie to me once, shame on me. Lie to me twice shame on you. Lie to me three times shame on you. Lie to me four times shame on you. Lie to me……..

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blackbean
Posted on January 24, 2013 at 1:10pm
So, what will be different in three months? Kick the can again, and again? We are hopelessly doomed by the very institution whose members have taken an oath to defend and protect. Total disaster is upon us.

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Arshloch
Posted on January 24, 2013 at 12:21pm
The house RINOs cave once more. Fire the entire congress and replace them with dogs. If that were accomplished the cost, at least, would be reduced to a few Kibbles and the pile of crap would be reduced several thousand percent.

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bekhiet
Posted on January 24, 2013 at 10:30am
These are the most irresponsible people of our time! I would say, you must balance the budget before even considering a raise of the debt ceiling. So what was it raised too? This is ridiculous! All those that voted for the increase need to be fired.

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Racemosa7
Posted on January 23, 2013 at 10:07pm
Definition of a Politician: Someone who confuses the issue, and than votes on the confusion. Source: Racemosa7

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rafa2design
Posted on January 23, 2013 at 9:16pm
It’s like they’re all in a burning house and trying to put out flames with their handkerchief.

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whatsallthisthen
Posted on January 23, 2013 at 5:56pm
I can’t stand the sound of the weeper of the house almost as bad as that president in our white house. This repugnant establishment must be voted out. We now must begin to get a single conservative voice out there. They will need money. Bachman, Santorum, Cain, ran out of money. I would like to see Allen West for President in 2016

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Southernsoul
Posted on January 23, 2013 at 5:51pm
Never vote republican again. The Libertarian Party should see a jump in membership like never before. If you do vote republican you are just asking for more of this behavior.

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trueamerican40
Posted on January 23, 2013 at 4:58pm
Ever hear of a shotgun wedding? How about a shotgun resignation…click, shut up, you’re fired.

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republic2011
Posted on January 23, 2013 at 4:23pm
Cowards and criminals, the lot of them! Most of these congressman and senators are wealthy people. While not getting a paycheck may seem rough to some of us, this is just a dog and pony show to make the American public think they are serious (unfortunately, most will fall for this gimmick, because they have been duped and dumbed down).

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todd147
Posted on January 23, 2013 at 3:06pm
The GOP doesn’t need Obama to destroy the party. They’ll do that on there own.

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taintso
Posted on January 23, 2013 at 3:01pm
Anyone taking bets on how much Obama can put on the card before May 19? May 19 of which year by the way?

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drs1969
Posted on January 23, 2013 at 2:59pm
It has NO CAP! This means they could borrow far, far more than last year’s $150 Billion. They’re handing a blank check to BHO.
This is really bad.

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- soybomb315_II
  Posted on January 23, 2013 at 3:10pm
  it does seem like there is a blank check for the next 3 months…..Seems like Obama could just borrow 5 Trillion between now and march and then he wont have to worry about debt ceiling after march.
  
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- drs1969
  Posted on January 24, 2013 at 12:57am
  Looks like they’ve capped it by only allowing debt for obligations incurred before 5/19. Read it on House Roll Call (HR 325). Not far from what I expected($200-300B). They intend to kick the can, a little at the time. This way they won’t get heat for raising it $2-3 Trillion at once (like 2011). BHO will take this freebie happily. Then the next. Then the next, etc.
  
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hauschild
Posted on January 23, 2013 at 2:56pm
Also, gotta love the gimmick of “no pay” – like government sector workers have EVER gone without pay for real.

How about they completely cut out salaries for these losers, and absolutely no pensions. The bottom feeders couldn’t get outta Congress fast enough, and they would be replaced by those that truly want to perform. Absolutely no different than what would happen with teachers, etc.

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EqualJustice
Posted on January 23, 2013 at 2:52pm
Dirty Harry still threatening and bullying! http://www.libertynews.com/2013/01/reid-give-senate-republicans-36-hours-to-comply-with-filibuster-reform-then-he-goes-nuclear/

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BlackCrow
Posted on January 23, 2013 at 2:34pm
The question is how long will the bond market allow the Congress to “kick the can”? If interest rates were to return to their historic 4 to 6 % the Federal government would be forced into the untenable position of paying Social Security and other “entitlements” or servicing the debt as there would be no possibility of raising enough threw taxes to make up the difference. With every ratings downgrade the premium paid those loans is going to rise.

The Federal Reserve is acutely aware of this fact and are keeping interest rates artificially low and increasing the money supply to prop up both the government and the equities markets. If the money being “printed” were otherwise being dumped into the economy we would be seeing Jimmie Carter inflation. Stop and ask how can real estate prices remain flat when that much money is being pumped into th economy? Who is getting that money and what are they buying with it? The big investment banks are getting the money and they are buying stocks with it. When this bubble bursts and it will as all bubbles do the 1929 crash is going to look like a parking lot ding.

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- hi
  Posted on January 23, 2013 at 3:01pm
  Is there a way to slowly diffuse it, or will there just be a big crash?
  
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Zeb
Posted on January 23, 2013 at 2:24pm
oliticians are the only people in the world who create problems and then campaign against them.

Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?

Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?

You and I don’t propose a federal budget. The President does.

You and I don’t have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don’t write the tax code, Congress does.

You and I don’t set fiscal policy, Congress does.

You and I don’t control monetary policy, the Federal Reserve Bank does.

One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.
I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don’t care if they offer a politician $1 million dollars in cash. The politician has the pow

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