Giffords House Vote Yes

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Tuesday, August 2, 2011 - 8:06am

As exhausted lawmakers pushed their debt ceiling compromise toward the finish line, a beloved colleague reappeared to help.

US Representative Gabrielle Giffords appeared on the house floor to vote yes to the debt ceiling compromise -- the Arizona Democrat's first return after being shot in the face in Tucson in January.

Still, many House members hated the compromise

“But default for the United States of America is not an option”, declared Rep. Steny Hoyer (D-MD).

Consequently, some in the Tea Party voted yes.

“It’s not perfect but it takes us down that first step to get out of this”, said Rep. James Lankford (R-OK).

Many Democrats feel as though the deal is a victory for Republicans.

"There's no balance, there are no revenues”, lamented Rep. Peter DeFazio (D-OR). “God forbid we would ask, as the Republicans call themselves the job creators, the millionaires and billionaires to pay anything"

The compromise plan would cut about one trillion in spending right away, as well as form a new, bi-partisan super committee to find another 1.5 trillion in savings by November.

If Congress fails to act on those recommendations this year, broad spending cuts are triggered, such as cuts in defense spending -- opposed by conservatives, and cuts in social programs -- opposed by liberals.

“This gives each party a strong incentive to get a balanced plan done before the end of the year”, said President Obama.

Do many Democrats now expect tax hikes on the well off?

"The answer is not only yes, but hell yes", exclaimed Majority Leader Sen. Harry Reid (D-NV).

It was a grinding fight, and Washington is exhausted.

"This was a mess”, said White House Press Secretary Jay Carney. “There is no question it was a circus at times, but in the end compromise won out."

The Senate still has to vote and the clock keeps ticking down to Midnight Tuesday, the deadline to avoid default.
 

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