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The federal government could hit the debt ceiling sooner than expected and possibly around the November election according to a report out Friday.
Lawmakers on Capitol Hill had hoped that last summers deal to end the nasty fight over lifting the debt ceiling would ensure the issue wouldnt resurface until at least 2013.
But the Bipartisan Policy Center said Friday that the debt-limit doomsday could come earlier than that.
Analysts from the Bipartisan Policy Center projected that the United States will hit its $16.4 trillion debt ceiling between late November 2012 and early January 2013 due to lower-than-expected corporate tax revenues and the recent extension of the payroll tax holiday.
A number of other factors, such as the ongoing financial crises in Europe, volatile gas prices and how quickly the U.S. economy continues to grow could push the debt-ceiling deadline forward or backwards, according to the center.
Yet Another Debt Ceiling Battle
Yet Another Debt Ceiling BattleWhat a bunch of amateurs.
Not-to-worry.....allowing those TEMPORARY Bush tax-cuts[/SIZE] to (finally) die-on-the-vine will do wonders for our.....
Yet Another Debt Ceiling BattleWhat a bunch of amateurs.
Not-to-worry.....allowing those TEMPORARY Bush tax-cuts[/SIZE] to (finally) die-on-the-vine will do wonders for our.....
And a major contributor was:
" the payroll tax holiday deal"
Obama is collecting less and spending more, same old same old......
The rating agencies are still looking for the same deficit reduction they were seeking last time we got downgraded because they perceived us lacking in the political will to address the problem.
If you'll recall they cautioned that another downgrade might be warranted if the deficit wasn't dealt with. So has anyone seen any effort by Barry to attack the deficit? Anything?
The rating agencies are still looking for the same deficit reduction they were seeking last time we got downgraded because they perceived us lacking in the political will to address the problem.
If you'll recall they cautioned that another downgrade might be warranted if the deficit wasn't dealt with. So has anyone seen any effort by Barry to attack the deficit? Anything?
Yet Another Debt Ceiling BattleWhat a bunch of amateurs.
Not-to-worry.....allowing those TEMPORARY Bush tax-cuts[/SIZE] to (finally) die-on-the-vine will do wonders for our.....
And a major contributor was:
" the payroll tax holiday deal"
Obama is collecting less and spending more, same old same old......
.
What a bunch of amateurs.
Not-to-worry.....allowing those TEMPORARY Bush tax-cuts[/SIZE] to (finally) die-on-the-vine will do wonders for our.....
And a major contributor was:
" the payroll tax holiday deal"
Obama is collecting less and spending more, same old same old......
.
Ignore Shaman, he got even less attention in programming than the normal Obamabot.
The rating agencies are still looking for the same deficit reduction they were seeking last time we got downgraded because they perceived us lacking in the political will to address the problem.
If you'll recall they cautioned that another downgrade might be warranted if the deficit wasn't dealt with. So has anyone seen any effort by Barry to attack the deficit? Anything?
Would passing a Health care bill that reduces the deficit by over 120billion dollars count?
Would reducing future military spending by 500billion dollars count?
Would expanding IRS funding for tax cheats reducing the deficit by 4billion count?
Would increasing taxes on companies that offshore reducing the deficit by several billion count?
Wood a food safety bill that reduces the deficit by several billion, a DREAM act that reduces it by 1.4billion, anti-fraud measures, eliminating overspending on military goods, more energy efficient government buildings, raising tobacco taxes, count?
This was so politically disastrous for the republicans last time that I was sure they would not do it again. There has to be some republicans who can remember back that far.
More party over country politics I see. That's the sad state of the GOP these days.
The rating agencies are still looking for the same deficit reduction they were seeking last time we got downgraded because they perceived us lacking in the political will to address the problem.
If you'll recall they cautioned that another downgrade might be warranted if the deficit wasn't dealt with. So has anyone seen any effort by Barry to attack the deficit? Anything?
Would passing a Health care bill that reduces the deficit by over 120billion dollars count?
Would reducing future military spending by 500billion dollars count?
Would expanding IRS funding for tax cheats reducing the deficit by 4billion count?
Would increasing taxes on companies that offshore reducing the deficit by several billion count?
Wood a food safety bill that reduces the deficit by several billion, a DREAM act that reduces it by 1.4billion, anti-fraud measures, eliminating overspending on military goods, more energy efficient government buildings, raising tobacco taxes, count?
