Keith Olbermann - Debt Ceiling Chaos - Part 1

[democracy1st]

Run time: 11:42 https://www.youtube.com/watch?v=WoIrySR4vu8   Posted on YouTube: June 24, 2011 By YouTube Member: FixedNewsChannel Views on YouTube: 531   Posted on DU: June 26, 2011 By DU Member: democracy1st Views on DU: 1287

 
Keith Olbermann - Debt Ceiling Chaos - Part 2

http://youtu.be/Lb_btOaKF8Q


http://current.com/


The Federal Debt Ceiling Fight: A High Stakes Game of Chicken

Republicans and Democrats are engaged in a high-stakes game of chicken, as the two sides fight over whether or not to raise the debt ceiling. The debt ceiling represents the legal limit for how much the federal government can borrow.

Since March 1962, the debt ceiling has been raised by both political parties a total of 74 times, according to the Congressional Research Service. Ten of those 74 increases have taken place since 2001, including seven Republican-led efforts to raise the limit under President Bush.

Republicans in the House of Representatives, bolstered by a Tea Party movement that has fought for reduced government spending, are insisting they will not agree to another debt limit increase without simultaneous massive cuts in spending. Democrats argue that the consequences of not raising the debt limit are too large to play politics with the issue. They demand that the ceiling be raised and then large spending cuts can be debated.

http://seekingalpha.com/article/275974-the-federal-debt-ceiling-fight-a-high-stakes-game-of-chicken

[dixiegrrrrl]

1. Pls. keep on with posting KO,

I have no tv and need the reminder to catch him online.
:hi: