Dem lawmaker looks to kill the debt limit

By Peter Schroeder
-

08/10/11 03:39 PM ET

Rep. Jerrold Nadler (D-N.Y.) wants to do away with the debt limit, and will introduce a bill to do just that.

Calling
the debt limit "truly arbitrary” while blasting Republicans for playing
a "dangerous game of chicken” with it, the liberal congressman said
Wednesday he was drafting a bill to eliminate it.

"Let us abolish the debt ceiling, which has become a serious threat to
our economic future and a pawn for Republicans intent on holding the
economy hostage to impose their own extreme agenda,” he said in a
statement.

Nadler also set his sights on credit-rating agency
Standard & Poor’s, which last Friday issued the first ever downgrade
of the nation’s once-sterling credit rating, setting off a tumultuous
few days for financial markets.

http://thehill.com/blogs/on-the-money/budget/176347-dem-lawmaker-looks-to-kill-the-debt-limit

Posted: 8/10/2011 8:27:36 PM EDT

[#1]

Fuck it I want my credit card companies to abolish my limit too!!!!!!!

Posted: 8/10/2011 8:30:01 PM EDT

[#2]

Might as well.

[ARCHIVED THREAD] - Dem lawmaker looks to kill the debt limit

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Dem lawmaker looks to kill the debt limit

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