The United States reaches its current debt limit on Friday. Guess what Obama wants for the New Year! ANOTHER $1.2 TRILLION. And after the complete pummeling of the House of Representatives by Obama the week before Christmas, Boehner and the rest are still holding their ankles! Hopefully all the Republicans got knee pads for Christmas.
Under the new budget, Congress can only vote to block the debt-ceiling extension with a disapproval resolution. Lawmakers have 15 days within receiving the request to vote down the debt limit increase.
The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request.
HAPPY NEW YEAR! Hope it’s good for YOU too!