Chester Copperpot
07-02-2011, 06:55 AM
SO just to quote a recent drudge news story:
A seven-month extension is one of those options, the aide said. With the country borrowing roughly $150 billion per month, that would require a debt-limit hike of roughly $1 trillion. Negotiators had tentatively agreed on at least that amount of spending cuts before talks collapsed.
Now lets think about it. If "Negotiators had REALLY agreed on cutting at least $1 trillion from the budget then they wouldnt NEED to ask for a debt increase of $1 trillion now would they...
http://www.cnbc.com/id/43596260
A seven-month extension is one of those options, the aide said. With the country borrowing roughly $150 billion per month, that would require a debt-limit hike of roughly $1 trillion. Negotiators had tentatively agreed on at least that amount of spending cuts before talks collapsed.
Now lets think about it. If "Negotiators had REALLY agreed on cutting at least $1 trillion from the budget then they wouldnt NEED to ask for a debt increase of $1 trillion now would they...
http://www.cnbc.com/id/43596260