If you enjoy the content at iBankCoin, please follow us on TwitterWASHINGTON – The bipartisan Senate plan — which in a span of 24 hours has emerged as the leading proposal to lift lawmakers out of their debt-ceiling quagmire — is now running into doubts about whether there’s enough time or consensus to move forward on it.
Members of both parties made clear Wednesday that they weren’t yet sold on the idea put forth by the “Gang of Six” to curb spending even though aides reported that 30 senators had signed on already.
Some Republicans claimed to be holding out hope for the plan they passed out of the House Tuesday evening to cut and cap federal spending and push a balanced-budget amendment in exchange for a debt-ceiling increase.
“In case Senator Reid didn’t notice, a bipartisan ‘Gang of 234’ just sent him the way forward,” Rep. Jim Jordan, R-Ohio, chairman of the Republican Study Committee, said in reference to the House bill vote. “This is the only plan that can fundamentally solve our debt problem.”
Joined Nov 11, 2007
31,929 Blog Posts
Plan calls for the elimination of mortgage interest tax deduction which will further hurt the real estate market.
EFFFF the gang of six and their gay plan.
Do you know that every democrat that is still in office today, including Shillary and Barry O, voted AGAINST increasing the debt limit in 2006? hmmmmmm…
Have them vote on the CUT, CAP & BALANCE bill that was passed in the House.