The Speaker of the House of Representatives proposed a debt
ceiling plan that calls for just over $1 Trillion in deficit
reduction over the next 10 years in exchange for an immediate
increase in the debt ceiling. In other words, he is willing
to cave and give the President a debt ceiling increase in
exchange for a promise of cuts over the course of 10 years
that are not defined, that WILL NOT eliminate the deficit,
that WILL increase our national debt, and will still risk a
downgrade of our credit rating. We've heard it all before:
more current spending in exchange for future promises. The
American People are tired of broken promises.
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