Senate Democrats to propose debt limit increase of 1 trillion or More


Senate Democrats are expected to release their bill on the debt increase today with an increase of 1 trillion or more, so that voters won’t see another increase before they vote in 2014.  The bill contains no cuts in spending.  Since Obama took office in 2009, he has raised the debt by 7 trillion and this bill would take that number over 8 trillion.  The bill could be released as early as today.

It is not likely such a bill would pass even in the Senate, where Republicans capitulate on a daily basis and it would fail in the House.  Harry Reid and President Obama continue to play politics in hopes that it will cost Republicans the election in 2014.  Government shutdowns have occurred 27 times in our country’s history, but this is the first time that any party has refused to negotiate.

Continue reading…

Related Articles

Our Privacy Policy has been updated to support the latest regulations.Click to learn more.×