"Lew Hodgett" wrote in message
The Congress will not pass a bill to raise the federal debt by
As a result, President Obama will execute an executive order to raise
the federal debt on 08/02/2011 per terms of the 14th amendment.
Obama will not allow default to happen.
I added this to a letter to our "leaders":
Any responsible citizen must have a budget, stick to that budget or face the
fallout... If I live beyond my means (as the government and many people have
done) my credit rating will plummet, and rightfully so. To repair it I must
pay down my debt, stop borrowing additionally and force myself to live
within my means. If I do not, only bankruptcy can "save" me, but I don't
believe our Nation has that fallback.
I am disappointed in the members of the Republican Party that abandoned
"Cut, Cap and Balance Plan"
As to extending the Ceiling date beyond 2012, why should we... it is
unpleasant business to be sure, but let's get it dealt with sooner rather
Salary of the US President ...................$400,000
Salary of retired US Presidents .............$180,000
Salary of House/Senate ........................$174,000
Salary of Speaker of the House ..............$223,500
Salary of Majority/Minority Leaders ........ .$193,400
Average Salary of Soldier DEPLOYED IN IRAQ..$38,000
Let the above be put into the Social Security for retirement, and under the
VA for medical insurance. And who else in the work force can give themselves
I think we found where some of the cuts should be made !
Ben Franklin warned that if we let being a Legislator become a profitable
position, we soon would have only profiteers filling the seats... seems like
he hit it on the head!