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Re: Obama to ask for debt limit hike 

By: Decomposed in ROUND | Recommend this post (2)
Fri, 30 Dec 11 5:41 PM | 47 view(s)
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Msg. 37476 of 45651
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Get this - According to Ron Paul, the way debt limit increases work is:

o The President makes a request
o Congress either turns him down or he gets the money.

So, Obama has waited until Congress is in recess before requesting this money. CONGRESS IS IN RECESS!!! That means he gets the debt increase automatically!!!! There will be no debate unless Congress reconvenes . . . and it won't.

There will be no opposition to it.

$1.2 Trillion. That's like one free car coming from every household in the U.S. .... being wasted by our Federal government. And there will be no discussion over whether the President gets it.

This country is soooo incredibly screwed up.


http://www.youtube.com/watch?feature=endscreen&v=RYJ2Y0FOc3c&NR=1




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Obama to ask for debt limit hike
By: Decomposed
in ROUND
Tue, 27 Dec 11 8:04 PM
Msg. 37395 of 45651

I hope no one is surprised. It seems that these increase requests are now coming with a jarring frequency. 


Obama to ask for debt limit hike: Treasury official
Reuters – 5 mins ago

WASHINGTON (Reuters) - The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior Treasury Department official.

The debt limit is projected to fall within $100 billion of the current cap by December 30. President Barack Obama is expected to ask for additional borrowing authority to increase the limit by $1.2 trillion.

http://news.yahoo.com/obama-ask-debt-limit-hike-treasury-official-152416457.html

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