Debt Ceiling Sham Will Not Help Debt Or Stop Obama’s Over-Spending Binge

The more details that come out about the debt ceiling deal struck between the Republicans and Democrats, the more it seems that the deal will not help our nation’s debt problem, or stop Obama’s rampant over-spending binge. In fact, it will most likely make things much worse.

“The Congressional Budget Office currently projects that $9.5 trillion in new debt will have to be issued over the next 10 years. Even if all of the reductions proposed in the deal were to come to pass, which is highly unlikely, that would still leave $7.1 trillion in new debt accumulation by 2021. Our problems have not been solved by a long shot.”…

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