Does this guy even realize that this will do to the Nation?
The approval is expected to go through without a challenge, given that Congress is in recess until later in January and the request is in line with an agreement to keep the U.S. government funded into 2013.
The debt is projected to fall within $100 billion of the current cap by December 30, when the United States has $82 billion in interest on its debt and payments such as Social Security coming due. President Barack Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion, part of the spending authority that was negotiated between Congress and the White House this summer.
Under the agreement struck in August during the showdown over the government’s debt limit, the cap is automatically raised unless Congress votes to block the debt-ceiling extension. Lawmakers have 15 days within receiving the request to vote, which is largely symbolic because the president can veto it and Congress would be unlikely to muster the two-thirds majority to override it. Moreover, the U.S. House of Representatives also is in recess until January 17.
I am thinking he does not; or does not care. Either way, let’s hope that this bozo gets voted out in 2012. I mean, enough is enough already. We are in over our heads in debt. Kinda like the President is in over his head — in the white house.
Either way, Obama has got to go come 2012 and this is one of the many reasons why. The man simply does not understand the long term rectifications of putting the Nation into this much debt, period.
This is why the Republican Party must choose wisely as to whom they choose for their candidate for President of the United States. Purity is great, but electability is another. They must pick someone….anyone… who can run against Obama and actually win. Choose wisely Republicans.
Update: Whoops! Looks like “da boss lady already covered this. Ah well, we’ll work on a way to keep from writing the same stuff. We’re not totally clapping with one hand around here….yet. *hehe*