Crybaby Harry Reid has proposed to raise the debt ceiling by $2,000,000,000,000 and offsets that with $2,400,000,000,000 in cuts with no tax increases.
From the LVRJ: With the clock ticking just a week away from government default, Senate Majority Leader Harry Reid took a new stab today at a solution to the looming debt crisis.
The Nevada Democrat unveiled a bill that would raise the $14.3 trillion debt ceiling by another $2.4 trillion, enough to enable the government to continue borrowing through 2012. It would offset the new borrowing through $2.7 trillion in spending cuts and other savings.
It is the latest effort by Reid to break the impasse that has ratcheted up pressure on the Capitol and the White House ahead of an Aug. 2 deadline by which Treasury Secretary Timothy Geithner said the government will run out of money to pay its bills.
http://www.lvrj.com/news/reid-unveils-new-debt-bill-126137683.html
The biggest thing I have is that I don't trust Crybaby Reid, President Obama, other Democrats and many members of the GOP as well. There is no guarantee that there will be cuts in the future.
Further, raising the debt ceiling $2,000,000,000,000 is way too much money to continue spending and borrowing.
I don't think they need to raise the debt ceiling, especially since they don't even know when the drop dead date is. Now, it seems like it could go into September.
Every month, we pay $29,000,000,000 just in interest to places like China. Wouldn't it be nice to put some of that money into the U.S. economy?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment