House Minority Leader Nancy Pelosi has said the President should use the 14th Amendment of the Constitution to circumvent a?stubborn House of Representative who want to control spending and not raise taxes any more than they already have been.
All this craziness is quite distracting for both sides but there is one question that has not been asked and the Press needs to have the guts to ask it of the President and all the other Congressmen that want to keep deficit spending.
The question for the President is this:
What is the most the US Government can go into debt?
The debt ceiling keeps getting raised but no one says what is the most the US Federal Government can go into debt. ? ?All the great minds on Wall Street and in Washington DC have never answered this question.
Any business or organization knows where its maximum debt limit is. ?Even a private citizen has a debt limit when they go to buy a house. ?Debt to income ration can make or break a house sale.
So if they can figure it out the average Joe why can?t they figure it our for government?
There has to be a limit and the powers to be in Washington know it. ?Have we surpassed it or are we almost there.
Someone needs to ask the President before it is too late.
Source: http://www.mtrmedia.com/2013/01/president-obama-how-high-can-the-us-debt-go/
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