Over what time period? Is this the "over 10 years" nonsense or NOW?
...with a $1 trillion increase in the debt that would get the government to April 2012 with no tax increases.
Effective immediately, no doubt.
The next tier would be recommended cuts by a joint House-Senate committee made by twelve members, six from each chamber...
Oh, good, another committee. What was it, 17 prior committees that have done this very thing with the result being higher taxes and higher spending? Color me unimpressed.
IMF urges swift lifting of US debt limit
AFP - Veronica Smith - 30 minutes ago
WASHINGTON — The International Monetary Fund on Monday warned the United States to lift its debt ceiling swiftly for the sake of the US and global economy. ...