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Follow this link: US Debt Already Exceeds Debt Limit by $48 Billion Minimum; Gold vs. Debt Ceiling
Bloomberg reports The White House, in a statement, urged Boehner to allow a vote on raising the debt limit and repeated that only Congress can authorize more borrowing. Obama, who will make a statement and take questions in the White House briefing room, is willing to negotiate after Republicans end the shutdown and remove the risk of default, the statement said. The split-screen sniping — with Boehner speaking to reporters and Reid speaking on the Senate floor — came as lawmakers are taking the first tentative steps toward resolving the standoff
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Read More: Boehner on Shutdown: "This Isn’t Some Damn Game"; Several Tea Party Republicans Cave-In
View post: Pragmatic Look at the Debt Ceiling Debate; Who Broke Washington?
More: Social Security "Lock Box" Revisited (and Its Relation to the Government Shutdown)
Here’s an interesting chart of Spain’s budget allocation courtesy of La Vanguardia .
Read More: Vallejo, Mired in Pension Debt Again; Lesson for Stockton and Detroit – Shed Those Pension Obligations Now!
