American Debt Crisis: U.S. House Passes Bill Debt


The U.S. House of Representatives passed a last-minute agreement to avoid a failure of the federal debt - 269 votes against 161 when angry Democrats have turned their fire on President Barack Obama accused of capitulating to the Republicans.

As the House of Representatives passed a bill last minute to raise the debt limit of the United States and reduce costs by $ 2.4 trillion, the left felt betrayed by the White House, saying that the price paid for Republican support was too high.

Legislation must be approved by the Senate on Tuesday, hours before the United States was due to the breach of its obligations for the first time in its history.

It was approved by 269 votes against 161 votes as liberal and Republicans unhappy Tea Party, who wanted more spending cuts voted against it.

Representative Emanuel Cleaver, D-Missouri, said: "This agreement is a sugar-coated sandwich Satan If you take the bread, you do not like what you see .."

Another, Cedric Richmond to New Orleans, said he feared that it would be "devastating" for working and middle class families, who said he would take responsibility for the cuts.

The agreement between the leaders of the White House and the party in the House of Representatives and Senate during the tense discussions over the weekend will allow Obama to take the same amount, 2.4 billion dollars to enable the government to meet its debt obligations in 2013.

But it came with strings attached to cut large dollar debt ballooning national 14300000000000.

About $ 1000000000000 immediately cut public spending, with an additional $ 1.4 billion to an agreement before year's end.

Liberals who once idolized Obama was furious that the White House has failed to turn their arms in Congress the Republicans', and includes the income of the transaction by closing tax loopholes for oil companies, and removes a series of tax cuts for the benefit the rich. The savings made entirely of spending cuts, even if conservatives are forced to swallow the expected savings for the military.

The liberal organization MoveOn base, described the agreement as "grotesquely immoral."

"Our members are asking," What in God's name is going on in Washington DC? "Said Justin Ruben, executive director of the group, which claims five million members.." The country needs jobs, and Washington to discuss this vital program to cut "," Michael Tomasky, a liberal commentator wrote: "This is the lowest point of the Obama presidency."

While George W. Bush has destroyed the country "by the rank incompetence," Obama "is to simply give the Republicans the keys to the house and say," Take what you want, "he told The Daily Beast.

In the New Republic, Jonathan Chait, said: "There is a limit to the amount of faith can be placed on a man who so badly misjudged the political opponents time and again."

Robert Borosage, co-director of the Campaign for America's Future, a liberal think tank, accused Obama of giving in to the "Tea Party terrorists - the extremist faction willing to hold the economy hostage to achieve their goals" .

The cuts will not improve the slow recovery, which in turn affect the prospects of Obama for a second term, he argues.

The figures released yesterday showed that U.S. manufacturing grew at its slowest pace in two years in July as new orders received.

"I think it is in increasing danger. The whole argument against it was four years ago and no job is not an argument that will be stronger and stronger," said Borosage.

Without a major effort to create jobs, the Alliance of young voters, African Americans, Hispanics and single women that Obama is elected in 2008 could be a vote for the first time, he added.

"Right now, his base is all that he left in 2008. Self-Democrats and the working class began to flee," said Ed Morrissey, Hot Air is a blog. "This agreement will not bring those voters, and his organization and the source of funding could largely abandon it."

The White House defended the deal, saying it "is not the case that the Democrats" did nothing ".

"We believe that presidential leadership is essential for this process," said Jay Carney, a spokeswoman for the White House.



source
Category:

0 komentar:

Posting Komentar