It’s not a debt ceiling, it’s a debt CONVERTABLE!

by Les@SpillingBuckets on December 17, 2009

A few days ago Congress raised the debt ceiling, again. I really don’t know why they bother with one in the first place…

Jon Stewart sums it up well:

http://www.hulu.com/embed/FyGf4x57xtFNdHBj3TD_ow/0/216/i79

Also – some (potentially) good news on the Congressional floor: Yesterday the House referred to the Committee on Oversight and the Committee on Reform a bill numbered H.R. 4336 sponsored by Nathan Deal of Georgia. The full text wasn’t online at the Thomas.gov site yet, but the title is encouraging: To provide that pay for Members of Congress be reduced following any fiscal year in which there is a Federal deficit.

I give this bill about 10% chance of making it out of committee – but if it does, a small modicum of hope will be restored in my view of our government. Details below:

84. H.R.4336 : To provide that pay for Members of Congress be reduced following any fiscal year in which there is a Federal deficit.

Sponsor: Rep Deal, Nathan [GA-9] (introduced 12/16/2009) Cosponsors (4)

Committees: House Administration; House Oversight and Government Reform

Latest Major Action: 12/16/2009 – Referred to House committee.

Status: Referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

I might have to contact my Representative and Senators to express my favor for this new measure.

Related posts:

  1. Comic: Raising the Federal Debt Ceiling

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