HERE SHE COMES TO SAVE THE DAY
“I hate it. Using the debt limit as a hostage device in order to get policy changes that would never have been approved is a terrible way to run the government.” – Ellis Henican
The House passed a debt budget deal that raises the debt ceiling but who are the real winners and losers here?
Ellis Henican, Margaret Hoover, Byron York on Fox Business Channel’s ‘Lou Dobbs Tonight’ (08/01/11).
E-mail ellis@henican.com.
Follow him at twitter.com/henican
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There was mumbo jumbo and a splash of evasiveness. When was the expiration of the Bush tax cuts brought up? I would think that in and of itself that represents a tax increase. The fact that all the players have to come back for another go round is tiring to those who are representatives and of course, the little guy. We are anticipating higher interest rates but everybody on the news claims it will be negligible. On our equity line of credit with interest only tax deductible payments, just a one point payment raise translates into an $80 payment increase. People in this country are worried about their credit card interest. I do not care what the wags say, I lived through Carter and I do not believe anyone can predict the direction of interest rates. Most people have a debt cap, mine is $15%. Damming me with faint praise.