Speaker Boehner has said that he is proposing a "common sense" plan to help our country with our debt problem. It will be a two step approach in this plan. The proposal is to raise it $900B now and $1.6T in January. It's a Bi-partisan negotiation that will include no tax increases. It will be along the lines of the cut, cap, & balance principle. Right now our nation's debt is $14 trillion.
Speaker Boehner says spending cuts are greater than the hike in debt limit.
They call this a common sense proposal but fail to agree to a hike in taxes. Those tax increases could go into grants that are given to entrepreneurs to create business to create jobs.
What is your opinion of this proposal?
Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Monday, July 25, 2011
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