Tag Archives: Debt Ceiling

CBO – Federal Debt and the Statutory Limit – MARCH 2015

Opinion: Patricia L Johnson The Temporary Debt Limit Extension Act, Public Law 113-83, went into effect in February of 2014 and suspended the debt ceiling until March 15, 2015. What is the Debt Limit? The definition from Treasury follows: “The … Continue reading

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Does the Tea Party owe approximately $378 Million in Interest?

By Patricia L Johnson The consequences of default on U.S. Government obligations would be so horrific that U.S. law allows the Treasury Department to utilize various methods to avoid default, including suspending investments into the Civil Service Retirement and Disability … Continue reading

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Recent NY Times Poll Shows 82 Percent of Americans Disapprove

The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority over … Continue reading

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Budget Talks Eye $1 Trillion in Cuts

Wall Street Journal “By JANET HOOK And COREY BOLES WASHINGTON—White House and congressional officials said Tuesday that they were moving closer to a budget deal that would make a “down payment” of more than $1 trillion in cuts to federal … Continue reading

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The Dog in the Manger

By Patricia L Johnson and Richard E Walrath “The gap between the rich and poor is increasing. Some are living to eat, while others are struggling to eat enough to be able to live.” ~ Anna Hazare [Given name Kisan … Continue reading

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