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Lew urging debt ceiling to be raised before
Treasury Secretary Jack Lew on Thursday urged Congress to raise the debt ceiling before the looming Oct. 17 deadline, pointing out in a USA Today op-ed that avoiding a default on the country's obligations is not an issue of spending.
From the op-ed:
We cannot put our nation in the position of not paying its bills because Congress has refused to raise the country's debt limit. It is important to note that increasing the debt limit does not give the government the ability to spend more money.
An increase in the debt limit simply allows us to pay our bills. Without a debt limit increase, our government will — in a matter of days — not have the resources it needs to make good on its commitments.
Only Congress has the power to lift the debt limit. That means only Congress can clear the way for our government to meet all of its financial obligations.
President Barack Obama warned Wednesday that a potential default should be meet with concern, particularly from Wall Street.
Although House Republicans are weighing combining a continuing resolution to re-open the federal government with the debt limit fight, House Speaker John Boehner (R-OH) reportedly assured colleagues that he would be willing to raise the debt ceiling with a combination of GOP and Democratic votes.
http://talkingpointsmemo.com/livewire/jack-lew-urges-congress-to-raise-debt-ceiling-in-usa-today-op-ed
From the op-ed:
We cannot put our nation in the position of not paying its bills because Congress has refused to raise the country's debt limit. It is important to note that increasing the debt limit does not give the government the ability to spend more money.
An increase in the debt limit simply allows us to pay our bills. Without a debt limit increase, our government will — in a matter of days — not have the resources it needs to make good on its commitments.
Only Congress has the power to lift the debt limit. That means only Congress can clear the way for our government to meet all of its financial obligations.
President Barack Obama warned Wednesday that a potential default should be meet with concern, particularly from Wall Street.
Although House Republicans are weighing combining a continuing resolution to re-open the federal government with the debt limit fight, House Speaker John Boehner (R-OH) reportedly assured colleagues that he would be willing to raise the debt ceiling with a combination of GOP and Democratic votes.
http://talkingpointsmemo.com/livewire/jack-lew-urges-congress-to-raise-debt-ceiling-in-usa-today-op-ed
They are a union. They call their shots and ours, unfortunately. This stands as part of the reason why I am anti union.
And I agree teko... they should be fired on the spot. There should be a group of citizens right now going through all of these guys offices (legally), sweeping all of their crap into boxes and setting those boxes on the curb.
And I agree teko... they should be fired on the spot. There should be a group of citizens right now going through all of these guys offices (legally), sweeping all of their crap into boxes and setting those boxes on the curb.
An increase in the debt limit simply allows us to pay our bills
This is their job, to pay our bills that they allowed to begin with....If they refuse to do their job, they should be fired on the spot and replaced with alternates.
Reminds me of a union....Go on strike and no one is allowed to pass the picket line or to allow replacement workers during the interim.
And they said they were anti union! Liars! lol
This is their job, to pay our bills that they allowed to begin with....If they refuse to do their job, they should be fired on the spot and replaced with alternates.
Reminds me of a union....Go on strike and no one is allowed to pass the picket line or to allow replacement workers during the interim.
And they said they were anti union! Liars! lol
"Only Congress has the power to lift the debt limit. That means only Congress can clear the way for our government to meet all of its financial obligations."
This is what I think needs to be changed....
This is what I think needs to be changed....
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