GOP’s Dirty Little Secret: Ryan’s Own Budget Calls For Immediate $2 Trillion Hike In Debt Ceiling!

[kpete]

April 22, 2011

House GOP’s Dirty Little Secret Revealed:
Ryan’s Own Budget Calls For Immediate
$2 Trillion Hike In Debt Limit

Language Buried Inside House GOP’s ‘Path to Prosperity’ Would Lift Debt Ceiling by
$2T Right Away and Nearly $9T by 2023

House GOP’s ‘Escalating’ Threats On Debt Ceiling Ring Hollow Since Reckless Budget GOP Passed Just Last Week Calls For More and More Borrowing Into Future

..............
GOP's "STARK WARNING"
Politico: ‘Republicans Escalate Demands on Debt Ceiling.’ “One day after being named to a presidential task force to negotiate deficit reduction, House Majority Leader Eric Cantor fired off a stark warning to Democrats that the GOP ‘will not grant their request for a debt limit increase’ without major spending cuts or budget process reforms.”
http://www.politico.com/news/stories/0411/53501.html

… BUT, IN AN INCONVENIENT TWIST
SURE TO UPSET TEA PARTY,
HOUSE GOP BUDGET APPROVED LAST WEEK ALREADY CALLS FOR DEBT LIMIT INCREASES

House GOP Budget Would Raise the Debt Limit By More Than 60%, to $23.1 Trillion. The federal debt ceiling currently stands at $14.3 trillion. Under the House Republican budget, the amount of public debt subject to the limit would be $23.1 trillion in Fiscal Year 2021, meaning the GOP plan forces an $8.8 trillion in additional debt – an increase of more than 60% - over ten years. (H. Con. Res. 34 (Page 5); http://budget.house.gov/UploadedFiles/hconres34.pdf Los Angeles Times, 4/15/11)
http://opinion.latimes.com/opinionla/2011/04/do-house-republicans-realize-they-just-endorsed-a-higher-debt-limit.html

..........

MORE: http://www.democrats.senate.gov/newsroom/record.cfm?id=332589&

[malaise]

1. Lawrence is talking about this now with Nadler n/t

[Parker CA]

2. Awesome find, kpete!! This needs to be shouted from the rooftops!!!! Kick and Rec!!!!

[senseandsensibility]

3. keep this kicked

Great info.

[dhpgetsit]

4. I think I hear some heads exploding.

[highplainsdem]

5. K&R. Let's make sure this information gets out.

[Zenlitened]

6. K&R. -n/t

[gratuitous]

7. But, but, but . . . fiscal responsibility!

It's a very serious, very courageous plan. Everyone says so. There is just no WAY the Democrats can oppose Ryan's plan or they will be deemed not serious about deficit reduction, which is now the biggest issue out there. Which is why the Republicans don't have to deliver on all those jobs they promised last year.

Neat trick, eh?

[crickets]

8. K&R

[Hotler]

9. k&r n/t

[toddwv]

10. They know that they can't cut even more taxes for the rich w/o increasing the debt ceiling.

Tax cuts do no increase revenue. Never have, never will.