Tuesday, January 10, 2017

Schumer hears helicopter

ZH: In an curious exchange in traditional roles, Senate Minority Leader Chuck Schumer slammed Republicans on Tuesday for advancing a fiscal year 2017 budget resolution which, while designed to repeal the Affordable Care Act, also contemplates more than a $9 trillion increase in the public debt over a decade, according to MNI, or fractionally less than the Obama administration added in 8 years.In remarks given on the Senate floor, signalling the multiple levels of defense that Democrats are likely to wage to protect Obamacare, Schumer cited a letter by White House budget director Shaun Donovan. Donovan's letter notes the Senate GOP's FY 2017 budget resolution allows the public debt to rise from $14.2 trillion in 2016 to $23.7 trillion in 2026.  A visibly angry Schumer then said Republicans have lectured President Barack Obama and congressional Democrats for eight years about the problems posed by rising  deficits and debt.
Which makes our interest payment close to 600 billion/yr. That means the Swamp will be flying the machine. 

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