President Barack Obama has come under fire again as he is asking legislators to approve a $1.3 trillion hike in the debt-ceiling this past week. A request brought on not by failure of the president, but a failure, again, in the legislative standoff between the president and Congress.
Texas Governor, Rick Perry used his pursuit of the Republican Presidential campaign as a platform in the national spotlight to urge congress to reject the President's request telling a small audience in South Carolina that it would mean the government would have to print more money and that would devalue the dollar even further.
"The president again went to Congress to ask them to raise the debt ceiling. Than means they're going to print more money, they're going to spend more money. The dollars in your pocket are going to be devalued even more," Perry said. "I hope the members of Congress send a very clear message to the president. Not now, not again, absolutely not, Mr. President."
The request is part of an agreement reached in August between the White House and Congress to raise the debt limit to $15.2 trillion while creating a "super-committee" that unsuccessfully sought to reach a bipartisan deal last fall.
Perry says the president needs to trim his budget and cut spending, an idea that everyone seems to agree with. However, spending cuts alone is not the answer and no one wants to raise taxes or lose their entitlements. Billionaire Warren Buffett has gone so far as to challenge congressional Republicans a financial deal that could reap millions to the deficit. He, as reported to Time magazine, will match all donations to the deficit by the Republican congressional members and will triple match every dollar Senate Republican leader Mitch McConnell.
Buffett has emphasized that his offer is a "firm offer".
Texas Governor, Rick Perry used his pursuit of the Republican Presidential campaign as a platform in the national spotlight to urge congress to reject the President's request telling a small audience in South Carolina that it would mean the government would have to print more money and that would devalue the dollar even further.
"The president again went to Congress to ask them to raise the debt ceiling. Than means they're going to print more money, they're going to spend more money. The dollars in your pocket are going to be devalued even more," Perry said. "I hope the members of Congress send a very clear message to the president. Not now, not again, absolutely not, Mr. President."
The request is part of an agreement reached in August between the White House and Congress to raise the debt limit to $15.2 trillion while creating a "super-committee" that unsuccessfully sought to reach a bipartisan deal last fall.
Perry says the president needs to trim his budget and cut spending, an idea that everyone seems to agree with. However, spending cuts alone is not the answer and no one wants to raise taxes or lose their entitlements. Billionaire Warren Buffett has gone so far as to challenge congressional Republicans a financial deal that could reap millions to the deficit. He, as reported to Time magazine, will match all donations to the deficit by the Republican congressional members and will triple match every dollar Senate Republican leader Mitch McConnell.
Buffett has emphasized that his offer is a "firm offer".
No comments:
Post a Comment