Debt Ceiling, Deficit and the Continuing Resolution. DEBT is the total amount a person, a corporation or a federal income tax payer owes. This differs from deficit.   DEFICIT is used by the U.S. government to define how much more debt is created in any SINGLE YEAR.  It is a measure of the government's overspending for the year, A "continuing resolution" just lets the Federal Government add a little to its credit card, even after the credit card has been maxed out. The DEBT LIMIT is an amount, established by law, that prevents the government from continuing to borrow more. Stopping debt limit increases can never shut down the government.  To find out what you owe see the DEBT CLOCK -
Details at http://boomerspeaks.com/0000DebtCeiling.htm 
 
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Debt Ceiling and Deficit - Debt- (1). 
Should we eliminate tax loopholes. like lower taxes on dividend and investment (capital) gains and deductions for business and mortgage expenses?(2).  
Deficit (3).  Debt Limit Increases Not Needed (4).  Click on Debt Clock to find out what you and any child born today, now owes (5).  
(6) Obama will shut down the government rather than admit Obamacare has problems.
 
More details and source links @ at http://boomerspeaks.com/0000DebtCeiling.htm
1.  Debt is the total amount a person, a corporation or a federal income tax payer owes. This differs from deficit. More details and source links @ at http://boomerspeaks.com/0000DebtCeiling.htm

2.  Should we eliminate tax loopholes. like lower taxes on dividend and investment (capital) gains and deductions for business and mortgage expenses? More details and source links @ at http://boomerspeaks.com/0000DebtCeiling.htm

3.  Deficit is used by governments to define how much more debt is created in a single year. It is a measure of the government's overspending for the year More details and source links @ at http://boomerspeaks.com/0000DebtCeiling.htm

4.  Stopping debt limit increases can never shut down the government.  Federal government revenues from taxes are $5.4 Trillion.  Federal Spending is $4.7 Trillion - which includes almost $1 trillion spent to pay interest on our debt.  The government cannot be shut down by stopping debt limit increases.  The government already gets all the money it needs from taxpayers.
More details and source links @ at http://boomerspeaks.com/0000DebtCeiling.htm
Also see
http://www.heritage.org/federalbudget/ and http://www.usgovernmentrevenue.com/

5.  DEBT CLOCK -  Click on Debt Clock to find out what you and any child born today, now owes Debt ClockMore details and source links @ at http://boomerspeaks.com/0000DebtCeiling.htm

6.  Obama will shut down the government rather than admit Obamacare has problems.
President Obama and the Democratic Party are pushing hard for a government shut down.  The first Republican Bill to keep the government operating was voted down by Harry Reid's Democratic Party Senators, because it would have defunded Obamacare.  Now President Veto threatens to veto a new Republican Bill - and Harry Reid refuses to even consider it.  The new Republican Bill will also keep the government running and only DELAY the implementation of Obamacare for one year.  Obama's ego is so large he will not tolerate anything that might lessen the Obamacare disaster.  Democratic Senators know this.  So, the Democratic Party will shut down the Federal Government, rather than upset Obama.  The Democratic Party now sees Obama - as Obama sees himself - as our nation's Dictator-In-Chief.

Republicans rallied around the new "keep the government open" budget plan Saturday.  It would keep the government open but delay the new health care law for a year, storming toward a showdown with the now fascist Democratic Party that increasingly wants to shut down the government when the current fiscal year ends Monday night.

Republicans in the House of Representatives showed a new, tea-party, conservative unity Saturday in endorsing the plan. The House quickly approved rules for the debate by 231 to 191, with final votes expected late Saturday night.

The Republican proposal would keep the government funded through Dec. 15, delay the health care law, permanently repeal a 2.3 percent medical device tax that helps fund the health care plan and assure military personnel would be paid if the government shuts down.

More details and source links @ at http://boomerspeaks.com/0000DebtCeiling.htm


Read more here: http://www.mcclatchydc.com/2013/09/28/203539/house-maintains-stand-against.html#.UkdT6D4k1yg#storylink=cpy
 

The media and politicians are lying to you when they say the government can be shut down if the debt limit is not increased.
Details at http://boomerspeaks.com/WePayTaxes.htm

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