Debt limit: Clock is ticking to a big...

Debt limit: Clock is ticking to a big mess

There are 2 comments on the Vallejo Times-Herald story from Jul 2, 2011, titled Debt limit: Clock is ticking to a big mess. In it, Vallejo Times-Herald reports that:

That sound you hear coming out of Washington is the clock ticking on a deal to raise the federal debt ceiling so the country doesn't default on its obligations.

Join the discussion below, or Read more at Vallejo Times-Herald.

Reality

Vallejo, CA

#1 Jul 10, 2011
We have a spending problem, not a problem with too little taxes. Pass the spending cuts, a cap on spending, and introduce a balanced budget amendment (with Harry Reid's committment to bring it to a vote) and the deal is done.

Should congress want to reform the tax system, do it. How about a flat tax? But that is a discussion for another day. An important discussion.

BTW, lets start calling Obama's tax the rich what it is, soak the upper middle class. Make everyone pay at least 5% and call no one rich until their income exceeds $400K in compensation.

Why no outrage that GE, who owns NBC and is a friend of Obama pays no taxes?
LOL

Bradenton, FL

#2 Jul 10, 2011
the deal will be made.....good or bad doesn't matter...

The only problem facing the Dems, repubs and o-bomb-a is how to save face and spin the deal to their voters....

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