Debt Doomsday

Tue, 02 Aug 2011 13:56:58 -0400
democracy, irc, news, politics, umbc, usdemocrazy

Ladies and Gentleman, the day we’ve all been waiting for is finally here. DEBT DOOMSDAY.

After months of debate, Congress has only 24 more hours to decide on a plan that will help increase our $14.3 trillion debt limit. Without it Americans may face huge financial consequences in the upcoming months.

And it all comes down to the Senate. Yesterday the House of Representatives passed a debt-ceiling bill that will raise the debt limit and hopefully save $2.4 trillion dollars over the next ten years. All the Senate needs now is a 60 vote super-majority.

Will Congress make it on time? The clock is ticking!