WILL OBAMA DO SOMERHING AS SENATE DEMS CONTINUE TO PLAY OSTRICH!

Submitted by Darla Dawald, National Director on March 17, 2011 at  Patriot Action Alerts

Senate GOP bloc demanding entitlement reform in exchange for debt limit hike

By Peter Schroeder - 03/16/11 03:15 PM ET

Nearly half the Republicans in the Senate are threatening to vote against increasing the federal debt ceiling unless the president promises to tackle entitlements.
In a letter sent to President Obama Wednesday, 23 GOP senators warned it will be "difficult, if not impossible" to approve a hike to the $14.3 trillion debt ceiling if the president does not take the lead on reforming Medicare and Social Security.

The warning makes for a high-stakes standoff in the coming months. Treasury Secretary Timothy Geithner has warned of global economic catastrophe if the limit is not raised in time, and the Treasury now expects to hit that ceiling sometime between April 15 and May 31.

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