DEBT LIMIT PASSES THE HOUSE – Monday Debt Limit Updates Thread

***UPDATE: Debt Limit dead PASSES THE HOUSE 269 – 161***

From what I understand, the new debt limit deal is going to have trouble passing the House. In fact, I believe I heard Beck say this morning that due to Republican opposition, Boehner will need almost 80 votes from Democrats to pass this bill. Oh, doesn’t it just sound lovely?

Here’s the House whip count from The Hill that will continue to be updated throughout the day. Check it when you want to know who is going to vote for this ‘Satan sandwich’.

Here’s C-SPAN1 and C-SPAN2 so you can watch the House and Senate as they go in and out of session today. Right now they are both out of session but the House is supposed to go in session at noon.

I’ll keep you updated as I get news of anything substantial.



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UPDATE: Boehner was supposed to have a press conference at 2pm but moved it to 3:15pm, presumably because he doesn’t have the votes yet to pass this in the House.

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UPDATE: According to The Hill, the House will vote this evening or tonight on the debt limit deal though no time has been set:

The House will vote before the Senate on the debt-ceiling agreement, a GOP leadership aide said Monday.

The vote is expected Monday evening or night, but a time has not been set. The GOP aide cautioned that the schedule in the House is “very fluid,” but said the vote would occur “hopefully tonight.”

The House Rules Committee has scheduled a hearing for 1:10 p.m. to send the bill to the floor.

Leaders of both parties are urgently trying to secure enough votes to pass the package. The White House dispatched Vice President Biden to the Capitol to sell the deal to House and Senate Democrats, while Speaker John Boehner (R-Ohio) will brief House Republicans on the deal for the second day in a row.

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UPDATE: Ron Paul – When a cut isn’t a cut:

THE HILL – No plan under serious consideration cuts spending in the way you and I think about it. Instead, the “cuts” being discussed are illusory, and are not cuts from current amounts being spent, but cuts in projected spending increases. This is akin to a family “saving” $100,000 in expenses by deciding not to buy a Lamborghini, and instead getting a fully loaded Mercedes, when really their budget dictates that they need to stick with their perfectly serviceable Honda. But this is the type of math Washington uses to mask the incriminating truth about their unrepentant plundering of the American people.

The truth is that frightening rhetoric about default and full faith and credit of the United States is being carelessly thrown around to ram through a bigger budget than ever, in spite of stagnant revenues. If your family’s income did not change year over year, would it be wise financial management to accelerate spending so you would feel richer? That is what our government is doing, with one side merely suggesting a different list of purchases than the other.

Also, the House is supposed to vote in the next hour or so. Here’s a video feed of the House:

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UPDATE: The bill passes the house by a large majority of 269 – 161. THE COUNTRY IS SAVED!!!!!

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