And the US economy will be in a malaise until next January when they
play this game again with the wounded economy festering more. Best
thing would have let it crash in 2008. But the banksters weren't ready
to screw us enough yet and needed more time to get their evil plans in
order.
Capitalism simply does not work in a global population of this size.
On 10/16/2013 05:22 PM, authfri...@yahoo.com wrote:
Senate Passes Measure to End Fiscal Impasse
WASHINGTON — Congressional Republicans conceded defeat Wednesday in
their bitter budget fight with President Obama over the new health
care law, agreeing to end a disruptive 16-day government shutdown and
extend federal borrowing power to avert a financial default with
potential worldwide economic repercussions.
With Treasury warning it could run out of money to pay U.S.
obligations within a day, the Senate voted overwhelmingly Wednesday
evening 81-18 to approve an a proposal hammered out by the Senate’s
Republican and Democratic leaders after the House on Tuesday was
unable to move forward with any resolution. The House was expected to
within hours follow suit and approve the Senate plan that would fund
the government through Jan. 15 and raise the debt limit through Feb. 7.
The result of the fight that threatened the nation’s credit rating was
a near total defeat for the Republican conservatives who had
engineered the budget impasse as a way to strip the new health care
law of funding even as registration for benefits opened Oct. 1 or,
failing that, to win delays in putting the program into place. The
shutdown sent Republican poll ratings plunging, cost the government
billions of dollars and damaged the nation’s international credibility.
Under the agreement, the government would be funded through Jan. 15,
and the debt ceiling would be raised until Feb. 7. The Senate will
take up a separate motion to instruct House and Senate negotiators to
reach accord by Dec. 13 on a long-term blueprint for tax and spending
policies over the next decade.
http://www.nytimes.com/news/fiscal-crisis/2013/10/16/senate-passes-measure-to-end-fiscal-impasse
