ktlight
7th May 2011, 08:16
This week, Treasury Secretary Tim Geithner proposed raising the debt ceiling by $2 trillion. I thought, this should be big news! After all, a trillion is a thousand billion. This adds up to 2 thousand billion over the next 2 years!! The mainstream media greeted this story with a great big yawn. I do not get that because the Republicans and Democrats fought for weeks to only cut the budget a measly $38 billion. The press was non-stop, and Congress was only an hour away from shutting down the government. Even the $38 billion cut was a big fat lie according to CBS News. The story said in mid-April, “Well, thanks to the Congressional Budget Office and some great reporting by the Washington Post, it turns out the government won’t be cutting $38 billion in one year after all. No, the real cuts will be more like $352 million! You heard me right, $352 million, NOT $38 billion. The rest? Mostly smoke, mirrors and accounting gimmicks.” (Click here for the entire CBS News story.)
source
http://usawatchdog.com/raising-the-debt-ceiling/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+UsaWatchdog+%28Greg+Hunter’s+USAWatchdog%29
source
http://usawatchdog.com/raising-the-debt-ceiling/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+UsaWatchdog+%28Greg+Hunter’s+USAWatchdog%29