Senator Rubio informs president of his opposition to raising debt ceiling

Marco Rubio has declared to obama that he will oppose raising debt ceiling any further:

In a scathing letter sent to Barack Obama this morning, Senator Marco Rubio said that under the President’s first term in office, “more and more people have come to believe that America is becoming a deadbeat nation.”
Rubio went on to pledge that he would challenge any further increase in the debt ceiling, arguing that “we [Congress] need to make it routine to actually spend no more than we take in.” In the letter obtained by HUMAN EVENTS, the Florida Senator said that President Obama’s upcoming request to increase the debt ceiling by a whopping $1.2 trillion will cause the nation’s public debt to surpass the $16 trillion mark.
“I will oppose your request to continue borrowing and spending recklessly.”

http://www.humanevents.com/article.php?id=48605

Current GDP  $15,105,346,000,000 (rounded)

Current Debt $15,199,051,000,000 (rounded)

At the end of August, the ceiling was raised to $16.7  trillion.

obama plans to request $1.2 trillion soon.  Just how high do they intend to go.  This does not even include SS and medicare liabilities (which is now receiving less money because of obama’s big fine so-called tax break, a reduction in FICA deductions.)

And he is worried about “payday loan” companies.

Watch him.  He may try to go around the congress on this, too.

http://www.usdebtclock.org/#

https://bellalu0.wordpress.com/2011/08/30/national-debt-increasing-so-fast-you-cant-even-write-it-down/

Posted:  01.06.12 @ 11:18 p.m.

2 Comments

Filed under Financial Crisis, Uncategorized

2 responses to “Senator Rubio informs president of his opposition to raising debt ceiling

  1. Pingback: Marco Rubio in letter to Obama: You are turning America into a deadbeat nation « A TowDog

  2. Pingback: Marco Rubio Sends Scathing Letter to Obama | THE ROYCROFT REPORT

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