Thursday, October 17, 2013

THE POTUS BHO GETS A BLANK CHECK TO SPEND ALL THAT HE CAN UNTIL FEBRUARY 2014 AS THE DEMOCRAT SENATES GETS ITS WAY–READY TO SPEND LIKE GOING TO THE MOON AND BEYOND $16.9 TRILLION OF DEBT BUT WITHOUT REAPING THE REWARDS OF TECHNOLOGY OR PRESTIGE OF BEING FIRST BUT ONLY BEING FIRST IN BEING THE MOST DEBTED COUNTRY IN HISTORY–BUT ALL WE GET FROM THE POTUS AND ITS NO LONGER SURPRISE IS BLAME THE BLOGGERS FOR HIS MISERY BUT NEVER BECAUSE OF HIS DECISIONS

It's the ultimate sweetheart deal for a free-spending federal government: Wednesday night's debt deal didn't actually raise the limit on America's credit card, but instead removed it entirely until February 7, 2014.

Whether through legislative sleight-of-hand or something less sinister, the law of the land now permits the U.S. to run up new debts for 16 weeks without consequences, and forbids the Treasury Department from enforcing the debt limit that ordinarily keeps spending from spiraling out of control.

Some observers noted on Wednesday that when Congress burned the midnight oil to debate a deal that would save the U.S. from crashing through its existing $16.7 trillion debt ceiling and risking a credit default, there was no debate over exactly how far to raise it.

House and Senate negotiators only discussed how long the agreement would last.

Read more: http://www.dailymail.co.uk/news/article-2465544/Surprise-Debt-ceiling-deal-gives-Obama-blank-check-loophole-allow-government-spend-WITHOUT-LIMIT-February.html#ixzz2i2MIAZGi

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