This is why I want Michele Bachmann to run and I plan to vote for her. What do you think about her? http://www.michelebachmann.com/ Elected in 2006, Congresswoman Michele Bachmann is the first Republican woman to be elected to the U.S. House of Representatives from Minnesota. In only her first term, Congresswoman Bachmann developed a reputation…
Take the past several reports and put them together. Do you see a picture forming of what is coming down the pike in the next few months. The bottom line here is that the better we understand our situation and do the best we can to negotiate through the potholes and road blocks we face, the better we will survive the future as it comes upon us.
The United States national debt is subject to a debt limit. That limit is $14.3 trillion and right now, our debt is at $14.27 trillion. We will reach the debt ceiling sometime in the next few weeks. Some project that date to be around May 16th or perhaps as late as August.
The projected budget deficit is $1.65 trillion for this year, that’s why we are set to hit the debt ceiling sometime in the next few weeks.
Last night President Barack Obama implored Democrats and Republicans to rally behind an economic agenda of federal spending on core areas and to rein in the nation’s debt. Yet he has also promised to veto any bill that contains pet projects.