The Republican House should immediately pass a short term debt ceiling hike (say $500 BILLION) coupled with double the amount ($1,000 BILLION) in spending cuts. Two dollars cut in spending for every dollar added to the debt ceiling sends a clear message that the United States will clamp down hard on its out of control spending spree.
Under Obama, Nancy Pelosi and the Democrats, the U.S. debt to GNP ratio DOUBLED in the last three years. This must be reversed. Here what the Speaker of the House has to say:
