Ugh! New Two-Year Budget Deal Will Raise the Debt Ceiling

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Mitch McConnell

What do you think about this?

Senior White House officials and congressional leaders are nearing a deal to raise the debt limit and set the federal budget for the next two years, say sources familiar with the talks.

The White House says they will not negotiate on a debt limit increase and the House will not use the power of the purse for fear of a government shutdown.

Our debt is going to hit $20 trillion by the end of Obama’s term and it’s hard to see any way this outrageous spending will be reversed.

Obama has already said he wants more money for his social welfare programs and Reid wants the end of Sequester cuts. Republicans want money for Defense.

Senate Majority Leader Mitch McConnell (R-Ky.), Speaker John Boehner (R-Ohio), Senate Democratic Leader Harry Reid (Nev.) and House Democratic Leader Nancy Pelosi (Calif.) are negotiating with the White House.

Republicans are throwing away all their leverage and it won’t be a campaign issue. They are not fighting for us.

Watch:

Paul Ryan said the process “stinks.”

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