House Republicans have agreed to vote on legislation as early as next week to raise the debt ceiling for 3 months. However, they sent a warning to the
Senate that they must work with them to come up with a budget deal before they “agree to a long-term ceiling raise”. It seems that House Republicans have no serious intentions to cut spending since they have already indicated that they are willing to vote for long-term debt ceiling raises. However, the measure would make it to where Congress will not get a paycheck if a budget deal is not met before the 3 month deadline of April 15th. If we are to look at the fiscal-cliff ‘deal’ (resulting in a threat of national credit rating downgrade), can we be sure a budget passed by the Senate and Obama will be any better than what we had before? Obama recently held a news conference where he said he will not negotiate with Republicans on raising the debt ceiling. It seems that the President got his message across without having to sign an unconstitutional executive order as has been speculated. Will this tactic of allowing the President to raise the debt ceiling in exchange for a budget for the first time in years actually work? Only time will tell. US Senator, Rand Paul (R-KY) says he will vote it down.