Posts Tagged ‘debt limit’

Deficit Reduction and the Debt Limit….

June 28, 2011

I was reading this article from the Wall Street Journal this morning, and I saw the following sentence:

“The two sides are aiming to reach a deficit reduction agreement that could pave the way for Congress to raise the $14.29 trillion federal borrowing limit by Aug. 2.”

I am just wondering if ANYONE else sees the problem with this statement??

the two sides are attempting to come to an agreement to REDUCE THE DEFICIT so they can INCREASE THE DEBT CEILING!!!

Anyone?…..Anyone?  Bueller…..Bueller….Bueller

Hello???

This is the problem with the situation today.  The politicians are trying to spin the situation to their viewpoint, the media is NOT critical, and no one is calling them on it!!!  In order for the DEFICIT to be REDUCED we must SPEND LESS than we TAKE IN.  It is NOT difficult!!  IF we spend less than we take in, there is NO need to increase the DEBT LIMIT!!

Any questions??

Debt Limit…

January 6, 2011

For the upcoming debate concerning raising the United States Government Debt Limit/Ceiling, I want everyone to remember what President Obama said on the Senate floor the last time they held a vote on this subject.

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

Yes, Mr. President.  AMERICANS DESERVE BETTER!!  Or did you change your mind, again?