Tuesday, August 2, 2011

Senate Passes Debt Deal. VOTE THEM OUT


(Washington Times) Hemmed in by the looming threat of an historic government default, the Senate on Tuesday passed a $2 trillion-plus debt extension and sent it to the White House, where President Obama was poised to sign it later in the afternoon — just in time to keep federal borrowing and spending on track.

The bipartisan 74-26 vote followed Monday’s equally strong vote of support in the House, and ratifies the agreement Mr. Obama and the four top party leaders in Congress reached this weekend to cut about $1 trillion in future spending and set up a process to cut more than $1 trillion more, coupled with an up to $2.4 trillion increase in the federal debt-ceiling limit.

Republican supporters said the deal makes history by being the first time that spending cuts have been attached to a debt-limit increase, and said that is now the new standard every future administration will have to meet.

“Never again will any president from either party be allowed to raise the debt ceiling without being held accountable for it by the American people,” said Senate Minority Leader Mitch McConnell, Kentucky Republican.