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Saturday, January 25, 2014
Government Spending Out Of Control
Get ready for another economic standoff, because the next debt limit fight is right around the corner. On Wednesday, Treasury Secretary Jack Lew announced that our nation will reach the debt ceiling "by late February", and he called on lawmakers to act soon. In a letter to congressional leaders, Secretary Lew wrote, "I respectfully urge Congress to provide certainty and stability to the economy and financial markets by acting to raise the debt limit before February 7, 2014, and certainly before late February." Unfortunately, it's practically a guarantee that Republicans will hinge any increase to a long list of demands. The only thing left to wonder is what we will have to sacrifice to protect our nation's credit rating.
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3 comments:
I think I know what the government is thinking , they will just claim chapter 11 or chapter 7 and not pay anyone back the money they owe.
Democrats way of thinking !!!
Got news for these idiots , the world won't accept this crap , China will move right in and take over , God Bless China. I love China!
What a trade "Obamie for China , I love it!!
Why can't democrats figure out how to balance a budget? And do the right things? Do what they do at home with their own money?
This baffles me.
So now they came out with an initial threat that they ascertain that they will continue to drive the Country into immeasurable debt with the impossibility of paying it back, and then threaten anyone who is against this idea?
Okay, maybe it's time to get us together.
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