国际英语新闻:US Senate Approves Debt Ceiling B

After months of partisan gridlock, both houses of the U.S. Congress have approved a bill to raise the federal borrowing limit and cut government spending. Tuesday’s 74 - 26 Senate vote came one day after the bill passed in the House of Representatives. The bill goes to the White House to be signed into law by President Barack Obama, on the very day the U.S. government’s ability to cover its obligations was to expire.

Discontent

The Senate vote capped one of the most contentious legislative battles in recent history, one that laid bare deep philosophical differences between Democrats and Republicans as the U.S. government teetered on the edge of insolvency.

Rarely is legislation decried by supporters and opponents alike. Consider this comment by Democratic Senator Tom Udall of New Mexico, who voted for the bill:

“This deal stinks. And it stinks to high heaven,” Udall said.

Democrats blasted the bill for imposing deep spending cuts that could harm the poor and vulnerable without collecting any additional revenue from the affluent. Senator Carl Levin of Michigan said the bill’s only merit is that it averts, for now, the specter of default and financial calamity.

“The choice here is between a faulty piece of legislation, on the one hand, and severe damage to our economy and even-greater joblessness, on the other,” Levin said.


Many Republicans were equally critical, complaining that less than $3 trillion in budget savings over ten years is wholly inadequate for a nation facing a $14.3 trillion national debt.

“This so-called solution does not fundamentally change our spending and debt picture," said Senator David Vitter of Louisiana. "It just plays around the margins. It does not make any big change whatsoever.”

The best other Republicans could say is that the bill constitutes the initial round of a long fight to improve America’s finances. Senator Lamar Alexander of Tennessee put it this way:

“Today’s vote is an opportunity to take an important step in the right direction. We should take it, and then get ready to find ways to take the next step, and the next step, and the next," he said.