This is all theatre…
A bit down the road the US Congress is gonna raise the Debt Ceiling…
As someone here mentioned…
The other part of this is gonna be WHAT can the GOPer’s get in exchange for their vote…
Stay tuned…
There’s guaranteed to be more….
Rep. John Larson (Conn.), chairman of the Democratic Caucus, called the move “a sham of a vote” and voiced concern about the reaction of global markets. He cited the initial House rejection of the 2008 Wall Street rescue package, when the Dow Jones Industrial Average dropped 700 points. “I was on the floor of the House of Representatives when the stock market plunged when people tried to play chicken with critical issues,” Larson said. “Let us hope that the market won’t be affected by the obvious sham that is going on today.
“Every single economist we have spoken to has said, ‘Do not mess around with this,’” Larson added. He was the only member of the Democratic leadership team to support the clean debt-limit increase.
In contrast to House Democrats, the White House shrugged off the vote. “It’s fine. It’s fine,” press secretary Jay Carney told reporters when asked repeatedly if the vote was all about politics. Despite the president’s request for a debt-limit increase, the White House released no official statement of administration policy in the lead-up to the vote.
“We believe that, in the end, Congress will do the right thing and raise the ceiling,” Carney said.
Carney repeated, however, the administration’s longstanding warning that a failure to increase the debt limit — and a resulting default by the government — “would be calamitous to the domestic economy and to the global economy.”
The Treasury breached the $14.3 trillion debt ceiling on May 16, but the administration says it can stave off a first-ever default until Aug. 2……
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