April 22, 2011
House GOP’s Dirty Little Secret Revealed:
Ryan’s Own Budget Calls For Immediate
$2 Trillion Hike In Debt Limit
Language Buried Inside House GOP’s ‘Path to Prosperity’ Would Lift Debt Ceiling by
$2T Right Away and Nearly $9T by 2023 House GOP’s ‘Escalating’ Threats On Debt Ceiling Ring Hollow Since Reckless Budget GOP Passed Just Last Week Calls For More and More Borrowing Into Future
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GOP's "STARK WARNING"
Politico:
‘Republicans Escalate Demands on Debt Ceiling.’ “One day after being named to a presidential task force to negotiate deficit reduction, House Majority Leader Eric Cantor fired off a stark warning to Democrats that the GOP ‘will not grant their request for a debt limit increase’ without major spending cuts or budget process reforms.”
http://www.politico.com/news/stories/0411/53501.html
… BUT, IN AN INCONVENIENT TWIST
SURE TO UPSET TEA PARTY,
HOUSE GOP BUDGET APPROVED LAST WEEK ALREADY CALLS FOR DEBT LIMIT INCREASES
House GOP Budget Would Raise the Debt Limit By More Than 60%, to $23.1 Trillion. The federal debt ceiling currently stands at $14.3 trillion. Under the House Republican budget, the amount of public debt subject to the limit would be $23.1 trillion in Fiscal Year 2021, meaning the GOP plan forces an $8.8 trillion in additional debt – an increase of more than 60% - over ten years. (H. Con. Res. 34 (Page 5); http://budget.house.gov/UploadedFiles/hconres34.pdf Los Angeles Times, 4/15/11)
http://opinion.latimes.com/opinionla/2011/04/do-house-republicans-realize-they-just-endorsed-a-higher-debt-limit.html
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MORE: http://www.democrats.senate.gov/newsroom/record.cfm?id=332589&