WE ARE GOING TO HIT THE DEBT CEILING: MID OCTOBER (per Secretary of Treasury Lew)

debt ceiling

Of course, while you fret about the fact that we are full speed ahead toward that debt ceiling, the point at which our nation runs out of borrowing room, your representatives are out of town — on a 5 week recess.  (Go figure, right?)

Below is a statement from Ranking Member Sander Levin:

Levin Statement on Debt Ceiling

 

WASHINGTON – Ways and Means Committee Ranking Member Sander Levin (D-MI) made the following statement after Treasury Secretary Lew told Congress today that the United States will hit the limit of its borrowing authority in mid-October after having exhausted extraordinary measures:

 

“With just nine legislative days currently scheduled in September, Republicans must return to Congress prepared to move beyond the kind of brinksmanship that undermined our economic recovery two years ago. It is time for Republicans to do the right thing – not the far right thing – and put the American economy first. Congress must pay its bills based on the legislative bills that it has passed, living up to our obligations and paying our bills just like the American family does.”

 

 

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