Do we really understand what they did on 10/16/2013. Our elected officials acting in our best interests (sarcasm) voted to suspend the debt ceiling until February 7, 2014. At least that is what we hear but what does suspend really mean? Well it means there is no cap to this spending now through 2/7/14, but supposedly congress still has the final say in pushing the debt ceiling higher. They have what they call the McConnell Rule…..The McConnell rule makes the calendar the trigger for legislative action, rather than a dollar figure. In the rules and theory the government cannot borrow more money tan that which is authorized by congress. So the chance of a loan default still looms on the horizon. In my own wrap up we have seen Pres. BH Obama do as he wants or bully the dishrag in the Speakers chair into doing what he wants. So if he wants to raise the ceiling higher it will probably happen. It seems none of these tools want to be the ones on duty when this country finally does default on that 16.669 trillion dollar debt. Pray for clarity and seek out the truth.
Posted on: Fri, 25 Oct 2013 16:28:25 +0000
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