The US Debt Ceiling Bill Does Not Mean That Congress Is Making Progress.

The budget debate before P finally ended in agreement, and Congress seemed to have made significant progress, but in fact it was not.

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On Wednesday, the Republican controlled house of Representatives voted to extend the government's borrowing deadline until May 19th, which is the same as P.

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< p > this is just a temporary break away from the possibility of default in the coming month, but this danger is actually made by the Republican Party. Because the Republican Party adopted the Budget Margin Policy in the "a href=" http://sjfzxm.com/news/index_cj.as "financial cliff < /a" problem and was hit in the polls, they launched the vote on Wednesday.

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< p > although the speaker of the house of Representatives, Bernar, claimed that the vote was a "first step towards a budget balance", the bill passed by the house of Representatives did not include measures to guarantee deficit reduction.

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< p > the bill did not cut government spending, did not receive the promise of President Obama or Senate Democrats to cut government spending, nor could it avoid the three budget disputes that might arise in the coming months.

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The deadline for automatic subtraction is postponed from March 1st to March 1st. A bill for the government to provide temporary "a href=" http://sjfzxm.com/news/index_c.asp "financing" /a "will expire on March 27th, which may lead to the closure of some federal agencies. The debt ceiling extension approved on Wednesday will expire in May.

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< p > although the Republican Party claims that each of these periods is an opportunity for them to negotiate a deficit reduction with the Democratic Party of Obama, their hopes are not great according to past Republican performance.

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< p > "I think (the house debt ceiling bill) will not play a big role in reducing the deficit," said Concord Coalition, head of the non party budget reform, Robert Bixby. "That's only a way to quell the political crisis.

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< p > "basically there will be a series of endless cliffs," said Chris Krueger of Guggenheim Partners of financial services in a report. "Temporary extension of these cliffs may eventually evolve into endless procrastination until dragging on without delay.

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< p > for the problem of deficit reduction, he wrote: "although hope is always there, there is no need to count on it."

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"P," says Ethan Harris of Merrill Lynch, "this is another example of politicians saying no practice.

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P a href= "http://sjfzxm.com/pioneer/" > Obama < /a > has been going on for two years with Republicans in Congress about how the United States to control the debts of the 16 trillion and 400 billion countries. Now we are ushering in a new chapter.

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< p > in 2010, a Presidential Committee was set up to find a budget solution. In 2011, the "super committee" was set up to set the government on a sound financial track, and the "fiscal cliff" at the end of 2012 was to force the two parties to reach a major resolution.

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< p > these are all gone in a vague way.

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P now, Republicans have proposed extending the debt ceiling period, but have not set a clear amount of new debt ceiling that could be criticized.

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The purpose of their bill is that if the Senate or the house of Representatives can not reach a non binding budget plan this year, they will be able to suspend their salaries according to the bill. Some members think that this clause is unconstitutional, because the constitution expressly restricts the ability of Congress to "adjust" its own salary system. P

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The bill on Wednesday P did not require the house and Senate to agree on the same budget, only through its own budget. If the Republican controlled house of Representatives and the Democratic controlled Senate try to pass the bill, the contents of the two sides may be far apart.

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Last year, Senate Democrats rejected the House Republican version of the budget, which is planned to achieve a budget balance in 30 years. P

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If P promises to eliminate the budget deficit in 10 years, the budget proposed by the House Republicans is bound to further reduce the Medicare and Medicaid plans for the elderly, the disabled and the poor, as well as the social security retirement plan.

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Budget experts say it is difficult for the Republicans to fulfill their commitments to eliminate deficits in 10 years, especially if they refuse to raise taxes in order to reduce the deficit and insist on gradually reducing the allowances such as Medicare. P

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At the same time, Senate Democrats are discussing the maintenance of these social security network plans, investing in other schemes, and further raising taxes on the rich and large enterprises, although Republicans insist that tax increases are not considered within the scope of P.

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It is still to be observed whether the "P" can reach the best balance of a compromise.

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P, however, the Senate looks sure to pass the Republican version of the debt ceiling bill, and Obama will not obstruct it. The Republicans are losing ground in this latest battle.

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< p > they have agreed to let the government continue to borrow money, but have not cut off any money that can contribute to reducing expenditure.

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