Eleventh hour for the debt limit

The Eleventh Hour


Don’t look now, but the United States of America is at its eleventh hour to increase its debt limit. The Senate did not pass the bill favoring an increase of the debt to $2.7 trillion while decreasing the spending by $2.2 trillion.

U.S. President Barack Obama

If the U.S. government defaults on its deficit payments , chances are the

USD currency will be devalued grossly.

 Personally I think this process of maneuvering

around the debt limit by the two parties has something to do

with the next elections.

President Obama, and his party, are visibly and determinedly

fighting for the middle income citizens.

For both parties, this sort of divisiveness is holy.