As of 5-2011, President Obama seeks to substantially increase the United State’s credit card.
The U.S. now owe about 14+ TRILLLION dollars. Currently, about 40 cents of very dollar goes just to service the U.S. debt.
Americans oppose raising the debt limit by 2 it 1 The good news is that Americans are paying attention.
What makes sense is to tie any increase with the debt limit with exactly the same decrease in spending. So if Obama wants a TRILLION dollar increase on our national credit card then the Obamaa government must agree to the same TRILLION dollar decrease in spending. That will rein in the cost of government.
That is what the Republican Party proposes. I agree. What say you?
DrCameronJackson@gmail.com
By Quin Hillyer
This is the week for bold, conservative, budget-related proposals, with major announcements from the Heritage Foundation, from Speaker John Boehner, and from a group of Republican senators led by Pennsylvania’s Pat Toomey. Very good.
Although some Tea Party groups may not recognize as much, conservatives are winning the political battle over budgets right now. Befuddled liberals, rocked back on their heels, are responding by pushing tax hikes. If that’s their answer, they lose and we win.
Boehner’s proposal is the simplest, and it’s well-nigh brilliant. He called for cuts from President Obama’s proposed long-term budgets that are “greater than the accompanying increase in debt authority the president is given.” Also, “We should be talking about cuts of trillions, not just billions. They should be actual cuts and program reforms, not broad deficit or debt targets that punt the tough questions to the future.”
And tax hikes will not be on the table.
