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Monday, June 13, 2011
VP Biden And The $14.3 Trillion Debt Limit
Vice President Joe Biden's group of negotiators returns to the bargaining table this week. Republican and Democrats are working to bridge their ideological differences to come up with a plan to raise the $14.3 trillion debt limit. The U.S. could start defaulting on debts in early August. Negotiators are pushing for a deal, that includes major federal spending cuts, by the 4th of July. One thing lawmakers on both sides of the aisle agree on, reports The Hill, is the can cannot be kicked down the road again.
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3 comments:
what no one talks about is that the debt was 10 trillion months before Obama took office
ANON 2:58 , so what your saying since there was a debt before he came into office its ok to keep running up the tab?! It was wrong when Bush was doing it and its wrong when Obama is doing it!!! I also wanted to mention to all those Clitonites who keep spouting that whenthe great white hope was in office that he left with a surplus , thats a lie when people use the numbers he was touting they fail to mention that medicare in medicaid were not part of the equation,wish i could do my budget that way.
no, what I am saying that the 14 trillion is not just Obama, 2/3 was there before he ever took office, having 2 wars hasn't helped in lowering it either. Maybe we can use some of that money here in the USA, not overseas
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