"Debt deal done ... for now" The U.S. Senate passed a last-minute compromise plan to raise the nation's $14.3 trillion debt ceiling Tuesday, sending the bill to President Barack Obama to be signed into law only hours before what would have been an unprecedented default.
The bill, which imposes sweeping new spending cuts over the next decade, was approved in a 74-26 vote; 60 votes were required for passage. Read More
Did you know that in 1947, to keep the nation running, Washington only collected $2,522(in today's $)per capita in Federal revenue. Today it collects over $2.165 trillion in Federal revenue, that's about $10,200 per capita. This blog uses facts to help expose the endless torment of our two party political system. From incumbent trash that lingers on, to constantly bringing up the $110 trillion plus in unfunded liabilities from entitlement programs.
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