America, against it’s will, is being force fed another Obama manufactured crisis, debt. Kyl: “The debt ceiling is currently set at a little more than 14 trillion dollars, and if Congress and the President don’t reach an agreement to raise it by this coming Tuesday, the Treasury Secretary tells us America will no longer be able to pay all its bills.”
“The consequences of missing this deadline could be severe, precisely because Washington borrows so much money — more than 40 cents out of every dollar it spends. So, spending would have to shrink by 40 percent very quickly. What’s more, markets would likely respond, dropping in value and hurting the retirement savings of millions of Americans.
Republicans have tried to work with Democrats to avoid this result and put our country on a better path, but we need them to work with us. We start from the understanding that the reason the debt ceiling is a problem is because of runaway Washington spending. So, Republicans have been united in the belief that raising the debt ceiling without making significant spending reductions would be irresponsible.”
Schumer stood in front of the flashes last night and told America: “We will not solve this problem by standing there and folding our arms and saying I am not talking to anybody. … This is not a time for politics as usual.”
Incessant political posturing, who cares more about America’s future? Why can’t anything balance out in the next 6-8yrs? This is an Obama manufactured crisis of which the people are being told they must burden further rather than eliminate the problem.
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Posted on July 30, 2011
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