What Does Raising the Debt Limit Mean to You Personally?

As a Member of Congress and the mom of two young children, I take a different perspective on the debt ceiling negotiations than many of my colleagues. I look at it from the perspective of a parent trying to balance their checkbook and preserve the American Dream for their children.



For example, did you know that President Obama’s request to raise the debt ceiling by $2.4 trillion through the next election comes to $20,000 per every American family. If we’re going to raise the debt burden of every American family by $20,000, we owe it to them to start cutting spending and tearing up those credit cards.



This week, I spoke on the House floor in support of “Cut, Cap, & Balance” as a solution to our debt crisis. Please watch my speech and let me know what you think.


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“Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman Ben S. Bernanke yesterday said a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk,” Jonathan Burgos reports. What does this say about the US and, in particular, the policies of the Federal Open Market Committee, which are pretty much identical?

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