- Prison Planet.com - http://www.prisonplanet.com -
Obama Has Raised Debt Ceiling Seven Times, Costing $43,000 Per Household
Posted By admin On September 26, 2013 @ 11:11 am In Money Watch | Comments Disabled
The Foundry 
September 26, 2013
Did you know that since President Obama came into office, the debt limit has been raised seven times?
With those increases, Congress has added $43,000 in debt for every American householdin just the last four years.
And now the debt limit deadline is looming again. Treasury will run out of tricks to keep paying the bills on October 17, Secretary Jack Lew announced yesterday .
Instead of pursuing significant spending cuts and entitlement reforms that are desperately needed to get spending under control, House Republicans reportedly are proposing to suspend the debt ceiling for more than a year, which would add $1.1 trillion to the debt.
So, take that $43,000 per household that was added in the last four years and tack on another $8,800 per household.
Full story here. 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/obama-has-raised-debt-ceiling-seven-times-costing-43000-per-household.html
URLs in this post:
 The Foundry : http://blog.heritage.org/2013/09/26/morning-bell-43000-per-household/
 yesterday: http://blog.heritage.org/2013/09/25/plan-to-suspend-debt-limit-means-debt-would-rise-to-17-8-trillion/
 White House Defends Obama’s Senate Vote against Raising Debt Ceiling But Warns of Catastrophe If GOP Doesn’t Raise Debt Ceiling: http://www.prisonplanet.com/white-house-defends-obama%e2%80%99s-senate-vote-against-raising-debt-ceiling-but-warns-of-catastrophe-if-gop-doesn%e2%80%99t-raise-debt-ceiling.html
 Debt Ceiling Likely to be Raised Without Fanfare This Time: http://www.prisonplanet.com/debt-ceiling-likely-to-be-raised-without-fanfare-this-time.html
 U.S. Debt Now $136,260 Per Household—Up 50% Under Obama: http://www.prisonplanet.com/u-s-debt-now-136260-per-household%e2%80%94up-50-under-obama.html
 Obama: ‘Raising the Debt Ceiling…Does Not Increase Our Debt,’ Though It Has ‘Over 100 Times’: http://www.prisonplanet.com/obama-raising-the-debt-ceiling-does-not-increase-our-debt-though-it-has-over-100-times.html
 S & P: America Could Default Even if Debt Ceiling is Raised: http://www.prisonplanet.com/s-p-america-could-default-even-if-debt-ceiling-is-raised.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.