G
gilliam
Guest
This is obviously going to go on into next week so this CNN page will probably come in handy if you are interested in this topic.
Washington (CNN) – Here it is – a cheat sheet to the talks over the national debt. These are the plans on the table, simplified and put in terms a human being can understand:
Key figures
• $14.29 trillion – current debt limit. That’s also nearly the value of the European Union’s gross domestic product – or everything produced in the EU – last year.
• August 2 – the date when the federal government is forecast to hit the debt limit and see all new loans cut off. Falls during “Simplify Your Life Week.” Really.
• $2.4 trillion – the increase to the debt limit officials think is needed to get the government through November 2012.
• $4 trillion – the amount of deficit reduction in a longer, broader, “grand compromise” idea.
Plans in the discussion
see:
cnn.com/2011/POLITICS/07/15/debt.talks.cheat.sheet/
Washington (CNN) – Here it is – a cheat sheet to the talks over the national debt. These are the plans on the table, simplified and put in terms a human being can understand:
Key figures
• $14.29 trillion – current debt limit. That’s also nearly the value of the European Union’s gross domestic product – or everything produced in the EU – last year.
• August 2 – the date when the federal government is forecast to hit the debt limit and see all new loans cut off. Falls during “Simplify Your Life Week.” Really.
• $2.4 trillion – the increase to the debt limit officials think is needed to get the government through November 2012.
• $4 trillion – the amount of deficit reduction in a longer, broader, “grand compromise” idea.
Plans in the discussion
see:
cnn.com/2011/POLITICS/07/15/debt.talks.cheat.sheet/