The President and Congress has reached a reported deal to raise the debt limit, with some spending reductions over the next decade. Of course, they promise the cuts, and establishes yet another commission to produce a report (which they have to approve their recommended cuts) before a long-term debt limit increase will go into effect.
Tag Archive: budget
Permanent link to this article: http://onthespotblog.com/as-expected/
Jul 22
For goodness sakes, it’s a debt limit, not a default…
It seems like every day I turn on the TV and some other talking head from Washington is talking about the impending “default” by not raising the debt ceiling. To you and me, the debt ceiling is the credit limit on our credit cards. Once we reach our limit, we have to stop borrowing – we …
Permanent link to this article: http://onthespotblog.com/for-goodness-sakes-its-a-debt-limit-not-a-default/
Permanent link to this article: http://onthespotblog.com/somebody-tell-the-cops-to-stop-watching-inspector-gadget/





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