Republicans Cave, Give President Unlimited Borrowing Power | Written by Bob Adelmann


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The raising of the debt ceiling might just prove costly to the Republican establishment in November.
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Following Tuesday’s passage of a “clean” debt ceiling bill in the House of Representatives, the Senate approved it on Wednesday and sent it on to the president, who is expected to sign it without delay.

The bill allows the president unlimited borrowing authority until well after the November elections so that Republicans can focus instead on the failings of ObamaCare to leverage their chances in that election. It also neatly kicks the budgeting can into the next Congress for them to deal with. This will be the 79th time the Congress has voted either to extend or raise the debt limit since 1960, 49 of them under Republican presidents while only 30 times under Democratic presidents.

Read More Here: Republicans Cave, Give President Unlimited Borrowing Power

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