Tuesday, May 17, 2011


Quid Pro Quo For Raising the Debt Ceiling: Repeal The Health Law
BY: BETSY MCCAUGHEY                                                                               MAY 12, 2011 
Tea Partiers  stormed Washington DC on Monday to demand reductions in federal spending as the price for raising the federal debt ceiling. The conventional wisdom in Washington is that  major spending reductions will have to wait until after the 2012 election, when  the Democratic and Republican parties can lay out their competing visions. Don't be bamboozled. The 2010 election, only seven months ago, was a repudiation of Congress's spendaholic ways.

Shockingly, the federal government borrows roughly 40 cents of every dollar it spends. Federal borrowing will hit the current $14.3 trillion debt ceiling on May 16th, forcing Congress to vote on raising it again...

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