Debt Ceiling

An official from the U.S. Treasury Department told CNN that President Obama will ask Congress to raise the debt ceiling by $1.2 trillion by the end of this week. The request will be the third since a debt ceiling increase agreement was reached in August.

2011 Texas Straight Talk - Stop Raising the Debt Ceiling - Congressman Ron Paul

2011 Texas Straight Talk - Debt Ceiling Drama - Congressman Ron Paul

2011 Texas Straight Talk - The Pesky Neighbor and the Debt Ceiling - Congressman Ron Paul

Since President Obama took office 3 years ago, the statutory debt ceiling limit was raised five times and at current spending rates needs to be raised once again sometime in January of 2012.

Since the debt ceiling debacle in July and subsequent raising of the debt ceiling, not much has changed. The Administration continues their spending habits like all is well in the U.S.A. It is not.

Washington continues spending at a rate requiring raising the debt ceiling on a yearly basis.

My commentary on why I feel that raising the debt ceiling is bad for America, my analysis on what got us here and what I think should be done to get us out of this mess.

Bringing agreement to pay our bills right down to the wire before those obligations went into default was a key reason for S&P's AA+ rating. For that, the blame lies squarely with Republicans and their unprecedented and un-American behavior.

The left has discovered, much to its collective horror, that the debt ceiling deal has placed health care reform, also known as Obamacare, at risk. This is because of the automatic budget cuts that will occur if the congressional committee deadlocks.

It's important to keep in mind that there is no logical or legislative connection between what the House Republicans say they want (a future budgetary path toward national solvency) and reality.

The Debt Ceiling debacle won't end, with now Republicans working for the Chamber of Commerce with a bogus balanced budget amendment, while Democrats continue to call for cuts in social programs.

The Democrats and the Republicans can't seem to find a compromise to raise a debt ceiling. The American people want a bipartisan agreement and a balance budget.

The Senate discussed and approved the debt ceiling bill Tuesday. Already in an economic slump, the State of California is bracing for the impact that a decade worth of spending cuts might make on the Golden State.

After months of posturing and pandering, the Republicans in the U.S. Congress made their point, but also made a very bad impression on most voters.

After creating a crisis that did not exist, since the President is able to make sure the country meets its obligations, Congress has passed a bill that is bad for the economy as well as for the people.

Michele Bachmann and Lindsey Graham do not speak for all of South Carolina when it comes to the Presidents Debt Ceiling Plan.

The debt ceiling agreement has been struck between President Obama and congressional leaders almost at the last minute and is expected to pass both houses of the Congress and be signed into law literally at the last minute.

As the debt ceiling clock runs out, Obama and the Democrats are running the only economic play they've had since 2008 -- the Chicken Little plan. The only problem is, they sky isn't falling.So, are they simply crying wolf?

The United States federal government's spending habits and theft of taxpayer money for their own pet projects is sucking up all the credit in the country and the private sector's credit is now non-existent.

Republicans seem to forget they caused the debt problems in the first place.

House Democrats say that if the stalemate cannot be breached, then President Obama should invoke the little known clause in the 14th Amendment of the U. S. Constitution to ensure that the federal government at least pays its debts.

Plans to raise the debt ceiling are everywhere, but none have a chance of passing through Congress. So where's the debate? And if this "debate" ends in a draw, does it not stand to reason that everybody loses?

Competing plans for raising our nations debt ceiling are working their way through congress as leaders seek compromise to end the uncertainty before August 2nd deadline.

The president's handling of the debt ceiling crisis has become a sideshow. Even the usually fawning mainstream media seems embarrassed by Obama's performance. The ringmaster is running out of time and excuses. Enter, the clowns.

Unfortunately, many Americans don't understand the importance of the debt ceiling and how '"if the US defaults'"it affects us all.

Different people have different ideas about how to run the government. Ordinarily, the two sides sit down like adults and reach a compromise that gives everyone some of what they want. What happened to change that this time?

Once you get beyond the sound-bites coming out of Washington, what does the lack of resolve to raise the debt ceiling really mean to the average American?

If you think the politicians in DC are anything other than self-serving, you need to get your bolts tightened.

The crisis is gaining momentum as the deadline approaches. Scary scenarios are being dangled in front of the citizens of the United States. No money, no checks, the sky is falling, the sky is falling!

After listening to President Obama and Speaker Boehner bicker live Monday night, I have three issues I think most Americans see eye-to-eye on.