Gang Of Six Unveils Debt-Reduction Plan [UPDATED]

consumerx at 4:26 PM July 19, 2011

Here, then, are 10 Inconvenie­nt Truths About the Debt Ceiling:

1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"

2. Ronald Reagan Tripled the National Debt

3. George W. Bush Doubled the National Debt

4. Republican­s Voted Seven Times to Raise Debt Ceiling for President Bush

5. Federal Taxes Are Now at a 60 Year Low

6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"

7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy

8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly

9. Tax Cuts Drive the Next Decade of Debt

10. $3 Trillion Tab for Unfunded Wars Remains Unpaid

http://cro­oksandliar­s.com/jon-­perr/10-in­convenient­-truths-ab­out-debt-c­eiling#fou­r



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