Question of the Week: Do you support raising the nation's debt ceiling without further spending cuts?Posted by Randy | June 01, 2011
Last night, with a bipartisan vote of 97 - 318, the House of Representatives rejected the Administration’s request to raise the nation’s debt ceiling above the current $14.3 trillion limit by another $2.4 trillion. The debt ceiling is a cap set by Congress on the amount of debt the federal government can legally borrow. The federal government reached its current debt ceiling limit of $14.3 trillion on May 16 of this year. Treasury Secretary Timothy Geithner has indicated that he can keep the country out of default until August 2, at which point he will need to begin prioritizing payments made on the United States’ outstanding financial obligations.
Users are solely responsible for the opinions they post here and their comments do not necessarily reflect the views of Congressman Forbes.
Post a Comment
We encourage you to analyze and comment on the posts featured on this blog, but please understand that comments which include campaign content, engage in personal attacks, or include vulgar, profane, obscene, or inappropriate language will be removed from the site. Please note that there may be a brief delay in the publication of your comment.
RECENT POSTS04/10/2014 - 12 hours (of your life)
04/09/2014 - Here's the plan
04/07/2014 - Following up with you: Stopping government abuse
04/07/2014 - Update on the IRS
04/03/2014 - Question of the week: Do you support transitioning authority of the Internet to a global community?
04/03/2014 - Overturning 30 Years of Precedent?