Thursday, July 28, 2011

In Obama-Boehner Debt Ceiling Standoff, Who Will Blink First?-July-28-2011-



Crunchtime for real debt
Debt is money.
-July-28-2011--
And most of us could not buy a car -
Without debt, nobody could buy a home
two of the largest purchases made by individuals.
Gonzalez on debt ceiling "Boehner" bill vote
A balanced-budget amendment would eliminate the possibility of planning for the national defense, for infrastructure, for emergency relief and for a host of other governmental functions we depend on.
Congressman Dave Reichert incurred our national debt on behalf of the American people, and now he is obliged to raise the funds to pay for it. It’s not like the president is asking him to spend money he did not approve — for two wars, for tax cuts, for a Medicare drug benefit and for Social Security and Medicare/Medicaid.
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