The Hill: Reports that Speaker of the US House of Representatives, Speaker Boehner is expected to have a plan to show to his Republican colleagues by Monday and a vote by Wednesday. The plan calls for cuts and a equal raise in the debt ceiling. As long as there is no tax hikes this is a good plan, force the Democratic controlled Senate and the Oval to veto plan, the Speaker should announced after the vote on Wednesday that the House is going in to recess, thus they are not passing anything else, in other words leave the Democrats with no choice, either pass the House bill or allow the US to go in to default. Its Chicago politics all the way folks.
Sunday, July 24, 2011
Debt Ceiling Crisis
Telegraph: Reports on comments made by Bill Daley, President Obama’s Chief of Staff, Mr Daley stated that the money markets and the US voter faced stressful days ahead. At the end of the day folks the US cant just add more debt, at present the US debt stands at fourteen trillion, the Republican House should force the Oval to make heavy cuts in the US welfare system, while not hiking taxes, any deal between the Republican and the Democrats should not have any tax hikes, for the rich to the middle class. The Republicans have to keep their nerve and smoke out the real Obama, does Obama want to really make a major deal with cuts or does he want to pander to the liberal base of the Democratic Party, this deal will define Obama.
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