Unless the Senate passes legislation to increase the debt ceiling above the current $12.1 billion, it stands to violate the law.  But, this isn’t really Obama’s fault right?  I mean didn’t he “inherit” a $700 billion deficit?  This years deficit is expected to hit $1.6 trillion, more than double what Obama “inherited.”  Does he care?  [...]

Posted on September 8th, 2009 by John
Filed under: Executive Branch | 3 Comments »