Democratic Senators sound alarm on red ink

10-20-2009 • The Hill

Nine Democrats and Sen. Joe Lieberman (I-Conn.) called on Reid (D-Nev.) last week to support the process, which would ensure any legislation aimed at curtailing debt gets serious consideration by lawmakers. Proponents have argued for a special panel to seriously consider fiscal policy changes, such as major tax hikes or spending cuts, that they fear wouldn’t survive the normal committee process.

The debt is now at nearly $12 trillion and expected to grow by $9 trillion

1 Comments in Response to Democratic Senators sound alarm on red ink

Comment by jimbo

Entered on: 10/21/2009 4:04:29 AM

TOO LITTLE TO LATE IT WILL NEVER HAPPEN ANYWAY. TAXPAYER MONEY NOW AMOUNTS FOR COMPOUND INTEREST PAYMENTS ALONE IS $24,000 PER SECOND. READ THAT AGAIN, $24,000 PER SECOND AND COUNTING. THE FEDERAL RESERVE MUST BE DECLARED ILLEGAL AND U.S. CURRENCY REPLACING FEDERAL RESERVE NOTES. LOOK AT YOUR PAPER MONEY, IT DOES NOT SAY U.S. CURRENCY, IT READS FEDERAL RESERVE NOTE, (A PRIVATE FIRM)

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