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The House GOP has opted to forego raising the debt ceiling to a set cap for a three month extension as previously reported. The new decision made by those who control the flow of legislation in the House is to now simply make the debt ceiling limitless until May 19th. Even though Republicans could have requested that at least some sort of spending cuts would be part of this new legislation not a single dime of cuts were requested.
Originally posted by AnonymousCitizen
reply to post by proob4
Raise the debt ceiling?!??! Are they nuts?
The should be lowering it by $1T/year until it's $0.00.
I really despise Obama's argument about why it needs to be raised...that is, that he says the money has already been spent. But he wasn't authorized to spend anything above the debt ceiling.
Can we do a payroll deduction on the President for anything spent over the limit?
Originally posted by usernameconspiracy
You can't "lower the debt ceiling by $1T a year until it is $0.00. That would mean we had zero debt, which is a practical impossibility for any first world country...Unless you REALLY want to pay high taxes, that is.
Originally posted by AnonymousCitizen
reply to post by proob4
Are they nuts?
Originally posted by proob4
Not sure what this is about for sure but have a hunch it is about the suspension of the debt ceiling.
...
The press conference is scheduled @ 5:00 ET and can be veiwed here.
Originally posted by proob4
Well it's stating now, let's see what this is all about. Weird location looks roadside.
Originally posted by proob4
reply to post by Dustytoad
It doesn't appear cold there either. It is cold in DC right now right? No cold breath on these guys.