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The president’s FY 12 budget was voted down in the Senate 97-0.

 

The original debt-ceiling bill, put forward by the Democrats, totaled $0.00 in debt reduction.

In the House, 82 Democrats and all Republicans voted it down.

 

In S&P’s assessment, agency did not call for tax hikes, but a $4 trillion debt reduction

 

The presidential debt reduction committee recommended $ 4 trillion including tax revenues.  Rand Paul agreed to it. Pelosi stated it was DOA in the House when she was still Speaker.

 

Rand Paul’s budget included $4.4 trillion in debt reduction, well above the minimum S&P requirement.  Reid declared it DOA in the Senate.   

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Originally Posted by interventor1212:

The president’s FY 12 budget was voted down in the Senate 97-0.

 

The original debt-ceiling bill, put forward by the Democrats, totaled $0.00 in debt reduction.

In the House, 82 Democrats and all Republicans voted it down.

 

In S&P’s assessment, agency did not call for tax hikes, but a $4 trillion debt reduction

 

The presidential debt reduction committee recommended $ 4 trillion including tax revenues.  Rand Paul agreed to it. Pelosi stated it was DOA in the House when she was still Speaker.

 

Rand Paul’s budget included $4.4 trillion in debt reduction, well above the minimum S&P requirement.  Reid declared it DOA in the Senate.   

 

 

 

Most people are in a dither over "raising the debt ceiling" because they think it is authorization for Congress to ring up more purchases. Instead, raising the debt ceiling means the ability to acquire more money to pay the bills coming for purchases already rung up.


Refusing to raise the debt ceiling is like telling those sending the bills "Sorry, my pockets are out of cash and I'm not going back to the bank for more."

That is exactly what needs to happen.  Stop printing money.  Figure out how to balance the budget and stop throwing money willy-nilly at every program that comes along, and every Union that has trouble meeting its indedtness.

That is the problem with the governmnet today.  They do not understand that they should not be spening money they do not have, and they should stop making promises they cannot keep.

 

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