House Republicans have once again shown that they have little regard for the average American family or the typical American worker.
A group of House Republicans are arguing that that the nation’s credit rating would actually be better if the United States defaulted on its debt.
In spite of the Republican love for bumper sticker slogans, a spending agreement was in the debt ceiling deal. It is called the Budget Control Act.
There has been no huge increase in spending under President Obama, and yet Republicans claim he has been on a spending binge that is the sole cause of the nation’s economic woes.
When President Obama took office, the federal deficit was $1.413 trillion dollars. Three years later, at the end of fiscal year 2012, the deficit has been cut by 25% to 1.089 trillion dollars.