Wednesday, August 03, 2011

A 'Civil War Atmosphere' in Washington [ We are Fighting The Party of Slavery - again ]

A 'Civil War Atmosphere' in Washington [ We are Fighting The Party of Slavery - again ]:

"After weeks of acrimony, the US Senate votes Tuesday on a compromise measure to raise the country's debt ceiling. The bill has drawn criticism from members of both parties, but it will likely pass just in time to save the US from default. German commentators on Tuesday express their frustration over the brinksmanship.

A last-minute deal to raise the US debt ceiling will probably pass on Tuesday, saving the country from defaulting on its debt but leaving both Democrats and Republicans dissatisfied.

The bill would lift the current $14.3 trillion debt ceiling until 2013, after the November 2012 federal elections. It calls for $2.1 trillion in spending cuts over 10 years, and it would create a special bipartisan congressional committee charged with drafting a deficit-reduction package by November.

Republican leaders in the House faced the press Monday, saying they would support the deal. Speaker of the House John Boehner, who had to table an earlier proposal because of opposition from the Republicans' 'Tea Party' wing, was able to rally more than two-thirds of his Republican colleagues behind the latest bill.

(Excerpt) Read more at spiegel.de ..."

No comments:

Post a Comment

Note:
The 'Reader Responses; shown on many posts/articles are almost always worthwhile reading.

Often, the comments by readers enhance the posted article greatly, and are informative and interesting.

Hopefully, all will remember to read the reader comments, and post their own as well.
Thanx
*****