For their first legislative act of 2012, House Republicans plan on delivering a symbolic rebuke to President Obama on Wednesday for raising the federal debt limit, which the August 2 law permits them to do. The GOP resolution is expected to pass the chamber, but no matter the outcome, it won’t threaten the ability of the U.S. government to meet its obligations either at home or abroad.
After a grueling battle last summer, Congress passed with strong bipartisan support a three-stage increase in the federal credit limit totaling $2.4 trillion. The first $400 billion took effect right away; the second $500 billion came a month later, and the final $1.2 trillion was requested by President Obama last week.
A provision in the law, placed by Senate Minority Leader Mitch McConnell (R-KY), allows Congress to vote to disapprove of the phased increases — a transparent effort to embarrass the president and deride him for the $15.2 trillion national debt. It won’t amount to anything because even if the Senate passes it, which it likely won’t, Obama can veto it and go on about the business of governing.
“Unfortunately, the only thing we have on this week’s agenda is a charade,” House Minority Whip Steny Hoyer (D-MD) told reporters Tuesday. “An abdication of responsibility.”
They abdicated that responsibility on the first day of last year's legislative session, and they've not done a single thing since for the American people...except repeatedly take them hostage.
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