Driving the Week: Debt Limit Talks Intensify

According to the AP, “Talks on raising the debt limit shift into high gear this week, with both sides aiming for accord before Congress begins its July 4th recess.”  Reports – both in the press and from Capitol Hill – suggest the Biden-led group is inching toward an agreement.

Heritage Action’s CEO Michael Needham writes:

If Treasury Secretary Timothy Geithner is to be believed, America is just 43 days away from Armageddon. Of course, from the stimulus to Dodd-Frank, Mr. Geithner has done nothing to warrant our trust when it comes to raising the nation’s debt ceiling.
[…]
The cut, cap and balance approach is the only one on the table right now. President Obama and Congressional Democrats have not offered a plan to save our country. Instead, they continue to demagogue conservative attempts to restore American exceptionalism.

Throwing another wrinkle in the debate, Senate Mitch McConnell (R-KY) opened the door to a “very short- term proposal over a few months.”

Stay connected with Heritage Action for the latest.  And remember, tax increases are unacceptable.

 

Please Share Your Thoughts

3 thoughts on “Driving the Week: Debt Limit Talks Intensify

  1. I was very disappointed to read Mitch McConnell’s answer to the debt ceiling. If this issue is debated again in a few months, and the pattern keeps repeating, I don’t understand what happens to this debt ceiling?

  2. REDERECT,REDERECT, ARMAGEDION,DEBT CELING, WELL MY OPINION IS THAT IN THE PAST THIRTY YEARS OF WATCHING THE DEBT RISE AT PERCENTAGES THAT THE COMMON HOUSE HOLD ,WOULD HAVE BANKRUPTED THEMSELVES, NOW HAS OUR COUNTRY HEADED IN THE SAME DIRECTION,I THINK THAT NASA SHOULD BUILD A MISSLE LARGE ENOUGH TO SEND TIMOTHY GIETHNER ONE WAY TO MERCURY, GREENSPAN WASNT MUCH BETTER,THE FACT IF THE LIMITS ARENT MADE I FEEL THE PATIENTS OF THE PEOPLE, WITH GREAT TOLERANCE,WILL END,THE TYRINY EFFECT WILL CIRCUM,AND UNLEASH A CIVIL UNREST,THE SHEER ARROGANCE OF THIS GOVERNING BODY TO STEER AWAY FROM THE CONSTITUTION,AND NOT MEET IT’S OBLIGATION TO THE PEOPLE,TO SET FORTH A BUDGET,LESSEN THE DEBT FROM FUTURE GENERATIONS WILL CLEARLY SEND THIS MESSAGE .TAXIZATION ISN’T THE ANSWER ”DOWNSIZE GOVERNMENT” QUIT SAVING THE WORLD, AND LET US MANNAGE OURSELVES,WE DONT NEED YOUR HELP,UNCLE SAM,BUT YOU NEED US!

  3. The liberal left and everything it touches is out of control. Listen to the knowledgable leaders – cut the spending! Now!

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