GOP conservatives unveil debt ceiling hike that comes with steep price

by
October 21, 2015


A group of conservative House Republicans on Tuesday unveiled a proposal to raise the debt limit through March 2017 that also calls for mandatory spending cuts.

The Republican Study Committee’s “Terms of Credit Act” would raise the debt ceiling by roughly $1.5 trillion — to a total of $19.6 trillion — through March 2017.

But the committee is setting a steep price for the debt limit increase. The bill would require congressional committees to produce legislation within 90 days that would cut more than $3.8 trillion in mandatory funding over the next decade. Mandatory funding covers programs like Medicare, Social Security and food stamps.

  • Paul Boore

    Cut Medicare and food stamps as well as SS to those who never paid in…but that is not a TAX revenue based account – that is a worker paid account and should NEVER have been put onto the table as a bill payer account.

?>

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.

Facebook Auto Publish Powered By : XYZScripts.com
Google Analytics Alternative