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12-31-2009, 10:21 AM #1
Support grows for tackling nation's debt
Support grows for tackling nation's debt
Senate action late last week that increased the limit on the government's credit card to a record $12.4 trillion gave a significant boost to a proposal to appoint a special commission to make the tough decisions that will be required to dig the nation out of debt.
President Obama has voiced support for such a plan, and 35 Democratic and Republican senators have signed on to legislation that would create a bipartisan commission with broad power to force painful spending cuts and tax increases through Congress.
Even House Speaker Nancy Pelosi (D-Calif.), an ardent opponent of the idea, has signaled in recent weeks that she could accept the establishment of a commission. The White House has been talking to Congress to try to craft a proposal that would not wholly relinquish congressional control over major decisions on taxes and spending.
I woke up in opposite world again, didn't I? President Obama and Nancy Pelosi are for reducing the national debt? Ha! Wouldn't that be great?! If only it were true...
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12-31-2009, 10:25 AM #2
I'll believe it when I see it...
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12-31-2009, 10:30 AM #3
The cojones this guy has to publicly say something like that...he must just go back to the White House and laugh his butt off watching the news of the things he says and how people eat it up. It's disgusting.
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12-31-2009, 10:35 AM #4
Maybe it is their crazy New Year's resolution that everyone knows they won't do but they still promise to try at anyways
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12-31-2009, 02:41 PM #5
Neither party has been particularly interested in paying down our debt (perhaps this is different) Republicans may clamor for paying down the debt, but that's merely posturing-the Republicans have done a remarkedly terrible job on living up to the principles that supposedly make up the party-Clinton, for all that he did wrong, at least managed to balance a budget
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12-31-2009, 04:47 PM #6
I definitely agree with that. The way to start addressing the national debt is to reduce and eliminate the deficit...I just find it funny/sickening that Obama feigns concern over the national debt while running up a $1 trillion plus deficit in his first year, the largest deficit ever.
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12-31-2009, 05:55 PM #7
Yes it is alarming; and you know where all this debt is coming from.....China-So in a way we are subsidizing a regime we very much don't like-
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