The plan introduced by Republican Speaker of the House John Boehner, to raise the nation's the debt ceiling and slash government spending, passed in a sharply polarized House of Representatives by a 218-210 margin, late Friday afternoon. The bill was quickly sent over to the Senate, where the Democrat-controlled body immediately voted 59-41 to table the measure, which effectively kills it unless Democrats decide to bring it up again.
Not a single House Democrat voted for Boehner's proposal, and 22 of the 240 members of the Republican majority also opposed it. Louisville’s congressman, Democrat Jon Yarmuth, voted against the bill.
Earlier Friday morning, Louisville’s Congressman Jon Yarmuth (D., Ky., 3rd) discussed the ongoing negotiations to prevent the United States from defaulting on its loans on MSNBC's Jansing & Co. His astute analysis of the Boehner proposal was “the odds are” the bill would not pass in the House of Representatives:
Kentucky’s junior senator, Rand Paul (R., Ky.) reiterated his opposition to any legislation that would not require immediate action on a balanced budget amendment: "I stand in opposition tonight to the recent debt 'deal' passed in the House and presented to the Senate. This two-tier approach allows for a $1 trillion debt limit increase immediately, while putting off the discussion of a Balanced Budget Amendment to a later date. I've pledged to not vote for any debt limit increase not tied to a Balanced Budget Amendment. Increased debt now, with promises to fix the problem later, is what has gotten us into our current debt crisis. I remain committed to working with my colleagues to find a solution that raises the debt limit while fixing the debt problem."
Sen. Paul appeared on Neil Cavuto’s Fox-TV program, as the vote was being taken:
Kentucky’s senior senator, U.S. Senate Republican Leader Mitch McConnell, was a bit more circumspect in his response to Friday’s House vote: “The House has now passed its second bill in two weeks that would prevent a default and significantly cut Washington spending. The Senate is a different story. Rather than working towards a solution to this crisis the way the Republican majority in the House has, the Democrat majority here in the Senate has been wasting precious time rounding up ‘no’ votes. Rather than come up with a bill that can pass, they’ve been busy ginning up opposition to everything else. Now it’s time for them to act. I eagerly await the Majority Leader’s plan for preventing this crisis.”
Sen. McConnell took to the floor of the Senate today, and had this to say: