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Archive for July 13th, 2011

Raise the debt ceiling…to $100 trillion

13 Jul

The negotiations between President Obama, Speaker of the House Boehner and other Republican congressional leaders about raising the debt ceiling and cutting the deficit have stalled because the president wants to increase taxes as part of a “balanced approach” to the federal government’s fiscal imbalances.  Republicrats assert that higher taxes are “off the table.”

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Posted in Federal Government, Federal Reserve, Spending, Taxes, Warfare state, Welfare state