Telegraph: Reports that the Oval and Congressional leaders are talking about raising the debt ceiling by 2.4 trillion with no tax hikes. This is phoney folks, the Credit Agencies might downgrade the credit rating of the US anyway, the theme from Agencies is that anything under 4 trillion in cuts does not pass the smell test, thus a 2.4 trillion raise in the debt ceiling and equal cuts is nothing, the US has a 14 trillion debt folks, there have to major trillion cuts in the US Budget, or the US will go the way of Rome and the British Empire, in the end broke.
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