{"id":2089,"date":"2009-11-13T18:08:23","date_gmt":"2009-11-13T23:08:23","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=2089"},"modified":"2009-11-13T18:08:23","modified_gmt":"2009-11-13T23:08:23","slug":"breaking-the-glass-ceiling-of-debt","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/2089\/breaking-the-glass-ceiling-of-debt\/","title":{"rendered":"Breaking the Glass Ceiling of Debt"},"content":{"rendered":"<p>Uninhibited by the mounting debt being incurred through present and future spending, <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601074&amp;sid=aWXDnpFProiY\" target=\"_blank\">the White House is pressuring Congress to raise the legal cap on the country&#8217;s debt limit<\/a>.\u00a0 Rebecca Christie of <em>Bloomberg<\/em> reports:<\/p>\n<blockquote><p>The Obama administration is confident Congress will raise the country\u2019s debt limit by year end to avert a showdown similar to the one that shuttered parts of the government in 1995, administration officials said.<\/p>\n<p>The White House wants an increase of at least $1 trillion to $1.5 trillion, according to a person familiar with the deliberations between lawmakers and the administration. Record budget deficits are pushing the national debt closer to the $12.1 trillion statutory limit.\u201d<\/p><\/blockquote>\n<p>One would think a debt ceiling of $12.1 <em>trillion<\/em> would be a high enough threshold that \u2013 if reached \u2013 would prompt lawmakers to question the necessity (and sanity) of going over it.\u00a0 One would be wrong.\u00a0 What\u2019s more, the Obama Administration is signaling that it doesn\u2019t really care how Congress gets around to extending the nation\u2019s credit line, as long as it does so before anyone has to choose between less spending or less work for federal employees.<\/p>\n<blockquote><p>The administration officials said the White House is open to any legislative vehicle that will raise the debt limit, by any amount.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Uninhibited by the mounting debt being incurred through present and future spending, the White House is pressuring Congress to raise the legal cap on the country&#8217;s debt limit.\u00a0 Rebecca Christie of Bloomberg reports: The Obama administration is confident Congress will raise the country\u2019s debt limit by year end to avert a showdown similar to the [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[84,455,24],"class_list":["post-2089","post","type-post","status-publish","format-standard","hentry","category-posts","tag-congress","tag-national-debt","tag-obama"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=2089"}],"version-history":[{"count":6,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2089\/revisions"}],"predecessor-version":[{"id":2095,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2089\/revisions\/2095"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=2089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=2089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=2089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}