Obama: I Need $1.2 Trillion More Next Week

Discussion in 'Politics & Religion' started by pspr, Jan 12, 2012.

  1. pspr

    pspr

    President Obama formally notified Congress on Thursday of his intent to raise the nation’s debt ceiling by $1.2 trillion, two weeks after he had postponed the request to give lawmakers more time to consider the action.

    Congress will have had 15 days to say no before the nation’s debt ceiling automatically is raised from $15.2 trillion to $16.4 trillion.


    http://www.washingtonpost.com/blogs...bt-limit-hike/2012/01/12/gIQAA3ADuP_blog.html
     
  2. When I first read this I thought "junkie."
     
  3. Lucrum

    Lucrum

    Someone help me out here. Is this increase in our debt part of the "hope" or "change" BO promised his gullible sheeple?
     
  4. bahh bahhh more stimulus bahhh
     
  5. pspr

    pspr

    It is painfully obvious that our current President and majority Senators cannot or will not stop spending our money irresponsibly.
     
  6. and that leads to erosion of the currencies reserve status... assuming there is another currency that looks better