Obama suffers crushing defeat on debt ceiling

In a stunning rebuke of Barack Obama, who, as recently as a few weeks ago, had requested an up-or-down vote on raising the already-bloated national debt ceiling of $14.6 trillion by a whopping $2 trillion  --  which would get the president past his reelection campaign  --  the United States House of Representatives this evening voted by an overwhelming majority of 318 to 97 to reject the debt ceiling increase.

Every single Republican voted against Obama's demand to raise the federal debt ceiling.  Indeed, Obama also lost almost half of his Democrats in the House.  

The House Majority Whip Kevin McCarthy, R-CA., reacted to tonight's huge victory in his press release below:

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McCarthy: Debt Increase Without Spending Reductions And Reforms Is A Non-Starter

Washington D.C. – House Majority Whip Kevin McCarthy (CA-22) released the following statement after the House rejected the President's request to increase the statutory debt limit without spending reductions or reforms:

“Today’s vote sends a clear message to President Obama and Congressional Democrats that their plan to continue down a path of trillion dollar deficits is not an option. As I’ve said from the beginning, there’s not a single House Republican willing to vote to increase our debt limit without significant spending reductions and reforms to address our $14.28 trillion national debt. In the last two years Washington Democrats added over $3 trillion to the national debt. Now, the non-partisan Congressional Budget Office is reporting the President’s 2012 budget would add an additional $9.1 trillion over the next decade. This is not sustainable and the American people made it clear last fall they want an end to Washington’s spending spree.

“Yet, Washington Democrats' only solution is a plan that will bankrupt Medicare while adding trillions in new spending, taxes, and deficits. House Republicans will sit down with President Obama tomorrow and discuss the plan we put forward that reduces our debt, institutes common sense pro-growth economic policies, and saves and preserves critical safety nets for current and future beneficiaries. It’s time for the President and Congressional Democrats to join us in implementing policies that get people back to work and put America on a path to prosperity."


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