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House suspends debt ceiling, adopts ‘No Budget, No Pay’ billTell North Platte what you think
 

The House of Representatives generally agreed on something Wednesday – to borrow more money.

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The House passed a Republican plan to allow the federal government to suspend the debt ceiling and keep borrowing money through mid-May.

The debt limit suspension is expected to pass the Senate and be signed by President Barack Obama, according to Reuter’s news service.

The vote was 285-144.

The bill also requires Congress to pass a formal budget resolution by April 15, a once-standard practice that has fallen by the wayside in recent years. Under the bill, if either the House or Senate fails to meet the deadline, lawmakers' pay is suspended until they pass a budget.

It’s called the "No Budget, No Pay Act of 2013."

Rep. Adrian Smith of Nebraska said it’s about time.

“Passing a budget is among the most basic functions of government, yet the Senate has not fulfilled this responsibility in nearly four years," Smith said.

The conservative group Americans for Limited Goverment said suspension of the debt ceiling is dangerous to our system of government.

"The only say whatsoever representatives had on the some 60 percent of the $3.7 trillion (federal) budget that operates on autopilot, which includes Social Security, Medicare, and other forms of so-called 'mandatory' spending, was the periodic vote on increasing the debt ceiling," an ALG statement said.

"Now that it has been suspended, the debt ceiling may never be reinstated. All the Senate needs to do now come May 19 is again threaten default should the debt ceiling suspension not be indefinitely extended. Under those circumstances, House Republican leadership is likely to fold under even the slightest pressure."



This report was updated Thursday.

Smith spoke on the floor of the House Wednesday in support of the bill. At the time, Rep. Lee Terry of Nebraska was presiding over the House proceedings. A video of Smith's minute-long statement is at the lower right of the Bulletin's front page.


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The North Platte Bulletin - Published 1/23/2013
Copyright © 2013 northplattebulletin.com - All rights reserved.
Flatrock Publishing, Inc. - 1300 E 4th St., Suite F - North Platte, NE 69101
 
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negirl2, your last sentence is the most sense you've made in a long time.
-17
Posted by bigsky    - 1/25/2013 8:15:19 AM
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Another load of BS from the GOP. Look it up read the details. They still get paid at the end of their session. Such a joke. They hold the pay in escrow and they still get paid EVERY dollar. Sure might be inconvenient but to put on a ruse and act like they are not getting paid (if they dont pass a budget ) is such a load of crap. Both sides should be ashamed.
+32
Posted by negirl2    - 1/23/2013 9:07:40 PM
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LOL! Party till the lights go out!
-14
Posted by dragracer    - 1/23/2013 4:18:40 PM
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It should be "no balanced budget, no pay". Passing a budget that just adds more deficet spending should not be allowed let alone rewarded.
+15
Posted by sako    - 1/23/2013 3:18:23 PM
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