WASHINGTON - The US House passed the "No Budget No Pay" H.R. 325 Wednesday. removing the United States' debt ceiling - temporarily, or at least that's the U.S. House's Republican majority's plan. House lawmakers voted 285-144 to pass the bill (HR 325), with 86 Democrats supporting the measure and 33 Republicans opposing it.
H.R. 325 would temporarily suspend the limitation on borrowing by the Treasury through May 18, 2013. On the following day, the current debt limit of $16.394 trillion would be raised by the amount of borrowing above that level during the period in which the limitation was suspended.
The bill also would provide an incentive for action on a concurrent resolution on the budget. If a version of such a resolution has not been passed by a House of the Congress by April 15, 2013, the salaries of Members of that chamber would be put in an escrow account. The escrow account for a given House would remain in place until a concurrent resolution on the budget was passed for fiscal year 2014 by that chamber, or until the last day of the 113th Congress, whichever was earlier.
Tea Party org opposed to No Budget, No Pay
The Tea Party-affiliated FreedomWorks said Tuesday it would be activating its membership of over 2 million fiscal conservatives to contact their Representatives and demand a vote "NO" on H.R. 325 that would raise the debt ceiling clean with no long-term budget solutions.
FreedomWorks legislative counsel Dean Clancy commented, "This proposal is more of the same. Once again, Republican leadership is negotiating with itself to temporarily bail the big spenders out by lifting the U.S. debt limit for four months, with no immediate accompanying budget reforms or spending reductions."
Clancy continued, "It's been almost four years since the Senate fulfilled its Constitutional responsibility to pass a budget. Our government is almost $16.5 trillion in debt. That exceeds the entire annual output of the U.S. economy and equals more than $52,000 for every citizen."US Senate Majority Leader Harry Reid said Wednesday afternoon the Senate will entertain the legislation