Dodd's Legislative Proposal From Treasury Department for Authority to Buy Mortgage-Related Assets
Title I - Authorizing the Treasury Department to Buy Mortgage-Related Assets
Sec. 13. Increase in statutory limit on the public debt.
Section 3101(b) of title 31, United States Code, is amended by striking "$10,615,000,000,000" and inserting "$11,315,000,000,000".
General Comments on Dodd's Legislative Proposal From Treasury Department for Authority to Buy Mortgage-Related Assets
Rather than raise the debt ceiling, we should cut spending. If this is such a crisis as has been claimed, then we should prioritize the bailout over other spending.
Sure. Withdrawing the troops from Iraq should accomplish the necessary savings. Two birds with one stone!
We are already parying around 4.36% for our debt for our 9.71 tril dollars. Increasing this amount means we can borrow more and citizens pays more on intereset. Adding to Mithras Invicts' comments, we need financial reform with reducing cost for wars.
http://www.savingsbonds.gov/NP/BPDLogin?application=np
I second the motion made by Jon Wiley.
How easy it is for our " leaders" to load us up with even more debt. Another reason to say " no " to this cronie driven legislation.
I wholeheartedly agree!
Sure. Withdrawing the troops from Iraq should accomplish the necessary savings. Two birds with one stone!
Why is it that we never demand that the US government be required to do with less money? If taxpayers, families, and businesses have to get by with less then an integral part of this program should be a 10% reduction in all non-defense, non-entitlement, programs. Our bureaucrats should have to tighten their belts just as the rest of us do and still be expected to accomplish their mission. This should be accompanied by a 2 year moratorium on ANY NEW spending programs. With these provisions we can eliminate the need for any increase in the debt ceiling.