House OKs debt-ceiling bill; Eshoo votes yes

Local representative calls the crisis 'inexcusable'

Ending weeks of partisan bickering over raising the debt ceiling that threatened to plunge the federal government into default, a last-minute deal was approved by the U.S. House of Representatives on Monday night (Aug. 1).

Rep. Anna G. Eshoo, D-Menlo Park, became one of 95 Democrats who voted in favor of the Budget Control Act of 2011 in a 50-50 split among House Democrats.

If passed by the Senate and signed by President Obama, the legislation will raise the U.S. government's debt ceiling.

In a statement Rep. Eshoo released Monday afternoon, she said she voted for the controversial bill because its failure and a government default would spell national and international economic catastrophe.

"I could never sit by and allow this to happen to our great country, " she said. "While I'm very disappointed that the plan is not a balanced one, including closing corporate tax loopholes and raising revenue, I accept the fact that compromise is necessary in order to protect our country.

"It has been inexcusable for some members of the House to have created this extended crisis which has raised the anxiety of my constituents, angered others, and caused confidence to plummet. It never had to be this way," she wrote.

The bill passed 269 to 161 at about 7 p.m. eastern time, the Washington Post reported Monday. A total of 174 Republicans and 95 Democrats voted in favor of the bill, while 66 Republicans and 95 Democrats voted against it.

House Speaker Nancy Pelosi, D-San Francisco, also voted in favor of the bill, the Washington Post reported.

The agreement ensures the debt ceiling will be raised through 2012. The nonpartisan Congressional Budget Office said the compromise would cut deficits by at least $2.1 trillion over the next 10 years.

Specifically, the package has upfront savings of $917 billion. A joint committee of Congress will be tasked with identifying an additional $1.2 trillion in savings to be voted on no later than December 23, 2011, Rep. Eshoo said.

The U.S. Senate is scheduled to consider the measure on Tuesday, Aug. 2. If the Senate passes the agreement, President Obama could sign the deal before midnight.

To see the text of the bill, click here.


 +   Like this comment
Posted by Disappointed but Proud
a resident of Menlo Park: Central Menlo Park
on Aug 2, 2011 at 6:09 pm

Hurray for Anna! She is intelligent enough to realize that this flawed bill is the best that we can hope for before the deadline. Shame on the bickering, partisan Republicans and Tea Partiers who held the country hostage. They should not play chicken with our country. Now is the time to close those corporate tax loopholes and raise the taxes for the uber-rich. It's for the good of the country.

 +   Like this comment
Posted by Joseph E. Davis
a resident of Woodside: Emerald Hills
on Aug 2, 2011 at 7:38 pm

Eshoo should resign. She is unfit to serve.

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Draeger’s Los Altos eyes upgrades, expansion
By Elena Kadvany | 4 comments | 3,238 views

Housing is for People
By Steve Levy | 33 comments | 2,231 views

College Visit: Lehigh and Lafayette
By John Raftrey and Lori McCormick | 4 comments | 1,565 views

Is Coffee a Date?
By Laura Stec | 16 comments | 1,217 views

Gratitude, Repairing and Avoiding Affairs
By Chandrama Anderson | 0 comments | 597 views