posted
May 17, 2011 by News Gatherer
Obama has pledged to reduce the high costs, even excluding any tax increase whatsoever. And the question is: What, if anything, will the President to say no. Now, as expected, the kidnappers are back: the blackmail worked well last December, why not try? This time, say Republicans who refuse to carry the debt ceiling – a move that could bring significant economic harm – unless Mr.
The debt ceiling itself is a strange feature of the law of the United States Congress must vote to authorize the expenditure rate and the tax of choice, because they have a second vote to decide whether to authorize spending policies not debt and taxes involved? In practice, however, legislators have always been willing to increase the maximum amount of debt, if necessary, so that quirk in our system was not extraordinary – until now.
But in any case, it is almost certainly wrong, serious consequences will follow if the terms of the debt cap is not lifted. It is unclear whether the "do we care? Types of believing what they say or just define a negotiating position.
So stop sending Social Security checks? It will stop paying doctors and hospitals that treat Medicare patients? Is it to stop paying teachers supply of fuel and ammunition to our troops? Or stop paying interest on the debt?. In fact, if we reach the debt ceiling, the government will be forced to stop paying about a third of their accounts, as is the proportion of current expenditure financed by borrowing.
Indeed, they have torn the Constitution and government control over the United States of one party controlling one house of Congress, but say they are willing to destroy the economy if he wants. If the president and his allies are based on the principle that failure to raise the debt limit is the unthinkable, avoid at all costs, then all powers that are willing to achieve this result. Why? As this is a hostage situation.
However, there are good reasons to believe that the Chamber of Commerce has urged the GOP Congress to raise the roof "as soon as possible." And a debate on spending reflects the fact that the Republicans won big last year in large part by the promise to protect Medicare, and quickly voted to dismantle the program. Economic interests have clearly indicated who are horrified at the thought of hitting the debt ceiling. not so ready to burn the house, as he says. The virulent U.S. Anti-Obama
According to Harry Reid, Majority Leader in the Senate, Obama said Democrats do not "line in the sand" in the debt negotiations. Well, I am among those who find this strategy rather disconcerting. Otherwise, you might as well leave the White House and give the keys to the tea party. At one point – and sooner or later – the president has to draw a line.
httpv://www.youtube.com/watch?v=–DYMTVQnio&feature=youtube_gdata
Related Stories
