It is Time for Another Debt Ceiling Debate. Hopefully.

By: dhancock (Diary)  |  January 18th at 09:49 AM  | 

The damage was done last year when Congress voted to spend even more money that we didn’t have.  The result is that the US debt is now greater than the US Gross Domestic Product. A Little History  In August of 2011 Congress authorized a debt ceiling increase of between $2.1 and $2.4 trillion.  The increase was to happen in up to three steps, and as | Read More »

The Debt Limit Scam

By: dhancock (Diary)  |  May 9th at 09:23 AM  | 

by David Hancock and Rick Marucci – May 8, 9am ET “The government will reach the $14.29 trillion debt limit no later than May 16” Most of us heard that President Obama voted against raising the debt limit when he was a Senator.  But there is no reason to just single him out – the debt ceiling vote gives us an excellent chance to look | Read More »