On October 1st Secretary Lew wrote in a letter to Speaker Boehner, reminding that the Treasury Department would no longer be able to fund the Federal Government, come October 17. The statutory debt limit, commonly referred to as the debt ceiling, has been reached in May of this year, forcing the Treasury to exert extraordinary…
Tag Archive for Debt Ceiling
Boehner Wants Super Congress To Solve Debt Problem
Reading about Boehner’s latest debt ceiling proposal many things come to mind, unconstitutional, rendering Congress powerless, creating a nearly almighty legislative body, which consist of only a dozen people. But let us take a look at what started the discussion about this outrageous plan. The Huffington Post reported yesterday evening, that House Speaker John Boehner…