Another week begins and with it the continued debate over raising the debt ceiling. And for now, we are happy to report, the Republicans are not caving to the tax and spend demands of those who need our money to make their fortunes.
Let’s go to Politico:
With no agreement reached by Sunday afternoon, House and Senate leaders appear to be moving in different directions with competing plans to raise the nation’s debt ceiling, dramatically highlighting the major discord on Capitol Hill with eight days until the United States defaults on its $14.3 trillion debt.
Senate Majority Leader Harry Reid (D-Nev.) began to draft his own legislation Sunday that would slash at least $2.7 trillion to match an extension of the nation’s borrowing limit through the 2012 election, Democratic leadership aides said. Reid and House Minority Leader Nancy Pelosi met with President Barack Obama on Sunday evening.
Our advice to Mr. Reid? Heed the sage advice of another sage Harry: Our bucks stop here. And so should the debt ceiling.
Written by Kip Hooker at TheVitaminPress.com
Source: Politico.com
