Govt. seeks 1.2 trillion dollars more-new debt. 16.4 trillio

12/27/2011

Now I know Washington is drunk ! Now they want 1.2 trillion dollars more !
bringing our National debt to 16.4 trillion dollars and the money hole is
getting larger , I can't wait for Nov. 2012 elections....

Cheers...Joe.... Very Happy

The request is coming from Obama, Joe, and is less than was expected:

http://money.cnn.com/2011/12/27/news/economy/obama_debt_ceiling/index.htm?iid=Lead
Obama seeks $1.2 trillion debt ceiling increase

Quote :: President Obama plans to ask Congress this week to raise the debt limit by $1.2 trillion, an increase that should get the government through most of next year, a Treasury department official said Tuesday.

Fortunately, though, the increase should come without the fireworks that accompanied this summer's debt battle, as it comes in line with the deal struck back then.

That deal, signed into law in August, authorized a phased increase of the debt ceiling by up to $2.4 trillion, with $400 billion of that kicking in immediately and another $500 billion coming in September.

This final request would increase the debt limit from its current level of roughly $15.2 trillion to $16.4 trillion. The government is expected to come within $100 billion of the current limit by the end of this week, the Treasury official said.

Ann

12/27/2011

It's time we elect new people to congress and
the senate, these people who are in power now
have been in far too long.....We need fresh brains.
Oh yes thank God Barney Frank is out, it's about time.

Cheers..Joe... Very Happy

Why don't you like him?

12/28/2011 Because he's a con artist like all congress... Cheers..Joe

12/28/2011

Because he's a con artist like all congress...

Cheers..Joe

» WILL A 20% VAT TAX HELP THE 14 TRILLION US DEBT ?
» TREASURER GEITHNER WASNT TO RAISE 14 TRILLION DEBT HIGHER !
» 350 million dollars
» $1.28 Trillion
» IF YOU WERE IN CHARGE OF THE GOVT. WHAT WOULD YOU DO ?