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    • debt limit FAQ

    What will congress raise the Debt Limit to?

    Jan 16, 2011 by Guru Hank | Posted in Government

    If the debt limit is raised from $14.29 trillion, how much is it likely to go up by? What effect if any will a raise have on exchange rates with other currencies, and what should I be buying if it does?

    very slowly(quarterly) and very little. Every raise will have a big spending cut or program rollback attached. Obama will have to choke it down as the House is driving this Bus and the senate is irrelevant.

    Old Guy
    Go Rand Paul!

    sci | Jan 16, 2011

    The sky is the limit.
    Ripp It Upp | Jan 16, 2011

    What argument did Democrats use in 2006 to NOT raise the Debt Limit?

    Apr 12, 2011 by T-Bone | Posted in Politics

    Why are they for raising the Debt Limit now?

    As a senator, Obama said to have to raise the debt limit shows a lack of leadership by the president and showed that reckless spending was causing America to not be able to pay its bills.

    gyt | Apr 12, 2011

    that they hated america. Some things don't change
    Man, I Feel Like a Woman | Apr 12, 2011

    Why do republicans think we can just cut spending and not raise the debt limit?

    Apr 11, 2011 by Wtfsthe Deal | Posted in Politics

    Are they totally ignorant of the numbers? To just simply cut spending and not have to raise the debt ceiling would require 1.5 trillion in cuts over just one year. Why arent any republicans proposing we cut that amount? Could it be because its impossible?

    The problem with the economy under Republican totalitarian (failed) policies was SHRINKAGE, as in NO CONSUMER SPENDING and NO CIRCULATION of our dollars, which created a devastating DOMINO EFFECT that brought down our housing and credit markets in 2007

    Armchair Goddess #1 | May 18, 1940

    debt limit news

    Boehner to Obama: Cuts Must Exceed Next Debt-Limit Hike

    18.05.12

    At an address to the Peter G. Peterson Fiscal Summit later today, House Speaker John Boehner will call on President Obama to “again meet the principle of cuts greater than the hike” on any agreement to a looming debt-limit increase , which is expected during the lame-duck session after the election.


    Source: ABC News (blog)

    Dems: Boehner Renewed Debt Limit Fight Because He's In Thrall To Far Right

    18.05.12

    Democrats are horrified, but not exactly shocked, that House Speaker John Boehner plans to tee up a new debt limit fight .

    In his weekly press briefing with reporters, House Minority Whip Steny Hoyer attributed the development to Boehner’s weak grip on his party.

    “Let me say that the dollar-for-dollar [requirement] led to the sequester which none of us like,” Hoyer said. “So while it sounds good, the execution of that principle does not seem to be very disciplined. We need to have a big, bold, balanced deal. The Speaker, in my view, believes that as well. The Speaker’s party does not believe in balance….We don’t adopt their priorities.”


    Source: TPM

    Regina raising debt limit to $350M

    18.05.12

    As it eyes a new stadium and other big capital works, the City of Regina says it needs to raise its debt limit by 75 per cent.

    At its regular meeting Monday night, City Council voted to boost the limit to $350 million from $200 million.

    The City needs the money for, among other things, street construction, a sewage treatment upgrade and a proposed new Central Library branch downtown.


    Source: CBC.ca

    debt limit about


    Our view: GOP rigidity on taxes threatens debt deal
    USA Today - Jul 05, 2011 Our view: GOP rigidity on taxes threatens debt deal Maybe Republican and Democratic negotiators will eventually do what they've always done: agree to a last-minute deal to raise the nation's debt limit in time to avoid default. Given the ugly consequences for voters if they fail, there's no shortage of

    Rand Paul Plans Debt-Ceiling Filibuster
    NewsMax.com - Jul 05, 2011 Rand Paul said he's planning a filibuster this week so the Senate will take up debt ceiling negotiations, The Daily Caller reports. “We've not had one minute of debate about the debt ceiling in any committee,” the Kentucky Republican told C-SPAN's

    Politicians hit parade routes, talk debt ceiling
    ABC7Chicago.com - Jul 04, 2011 Politicians hit parade routes, talk debt ceiling While acknowledging the anniversary of our country's independence, congress and the White House are at odds over the debt ceiling and budget deficit reduction deal. At the Fourth of July celebration in Deerfield Monday, some local politicians voiced

    Debt Limit 'Unconstitutional,' Say Democrats; 'Crazy Talk,' Says a Republican
    AdvisorOne - Jul 04, 2011 As the clock ticks toward potential default, Congress, still sparring over whether a deal can be reached to increase the debt limit, is facing a new debate. Last week Democrats began talking about the possibility that the debt limit itself is

    Don't Change The Debt Limit
    Intellectual Conservative - Jul 04, 2011 The big issue that has been making the rounds of the federal government of late has been the issue of the debt limit or debt ceiling that is a self imposed restraint, of sorts, that the legislature has used to limit the amount of money that the