U.S. Rep. Miller Calls New Request to Raise U.S. Debt Ceiling 'Distressing'
U.S. Rep. Candice Miller is voicing neither opposition nor support at this time for a presidential request to raise the debt ceiling again–such a request is expected from the White House this week.
As Congress waits for President Barack Obama to officially ask for an additional $1.2 trillion in borrowing authority, which would raise the federal debt ceiling to $16.4 trillion, Macomb's U.S. Rep. Candice Miller is saying, "These levels of deficits and debt cannot continue." “How distressing that the president is once again requesting to raise the nation’s debt ceiling," Miller, (R-10), said in a prepared statement Dec. 28. "Fortunately, because of the consistency of the House Republicans’ commitment to restoring fiscal discipline, at least we saw the debate in 2011 change from how much more to spend to how much we can begin to cut." Per the budget agreement reached in August, the president's request can only be blocked if Congress …
kidcat24
10:33 am on Tuesday, January 3, 2012
The debt from World War II was never repaid. Taxpayers were on the hook for a debt that was significantly bigger, as a percentage of G.D.P., than debt today. In particular, the debt didn’t prevent the postwar generation from experiencing the biggest rise in incomes and living standards in our nation’s history. Instead this time our corporate America sold us out for greed and a slave wage. Big … more ›