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Raising Debt Limit Again Invites US Ruin

Marco Rubio: We need a reform plan now, or the next generation is in trouble

By John Johnson, Newser Staff

Posted Mar 30, 2011 12:18 PM CDT

(Newser) – Marco Rubio vows to vote against raising the debt limit in a few weeks—unless it's the last time and accompanied by comprehensive reform—and he casts the decision not as a wonky economic debate but as a "defining moment in American history."... Read full story »

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entitlement programs • national debt • spending • Marco Rubio • debt ceiling

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Boehner Kicks Off New Fight Over Debt

He won't agree to raising ceiling without spending cuts to offset

(NEWSER) - Remember the nasty fight in DC last summer over the national debt ceiling? Get ready for round two this fall. John Boehner launched the first volley today, demanding at a fiscal summit that any increase in the ceiling be offset by spending cuts, reports the Hill . "When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase," said Boehner. "This is the only avenue I see right now to force the elected leadership of this country to solve our structural fiscal imbalance." More»

Jon Stewart Assembles the Super Committee

It's 'America's own legion of doofs': Jon Stewart

(NEWSER) - Imagine Jon Stewart's dismay when he discovered that after months of drama, the debt deal only shaved our deficit from $28.8 trillion to $26.3 trillion at the end of a decade. "That's what this whole f***ing thing was about?" he asked last night . Removing "one paper-thin chocolate shaving from our Dairy Queen Gut-Buster Sundae of Debt? Who will save us now?" Answer: The "Super Committee" of 12 deficit-busting Congress members , of course! More»

Putin on US: It's a 'Parasite'

Debt fight shows why world should move away from dollar, Russian leader says

(NEWSER) - Vladimir Putin is using Soviet-era terminology to criticize the US over its huge debt load. The Russian prime minister, speaking to a pro-Kremlin youth rally yesterday, called the US a "parasite" and said Russia and other countries should seek a new reserve currency to replace the dollar, reports Reuters . "They are living beyond their means and shifting a part of the weight of their problems to the world economy," he said. "They are living like parasites off the global economy and their monopoly of the dollar." More»

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(NEWSER) - President Obama and John Boehner are reportedly back at the bargaining table, and they could be near a deal to cut the deficit and raise the debt ceiling. The rumored $3 trillion agreement between the administration and top Republicans could include entitlement changes and set plans for tax reform, reports Politico . Stories are conflicting, however. John Boehner has labeled “false” a New York Times piece suggesting a “major budget deal” is approaching—but other insiders say the administration told them as much late yesterday. More»

Poll: Public Wants Debt Compromise

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(NEWSER) - As talks drag on, public opinion is shifting in favor of lifting the debt ceiling and against politicians who refuse to budge, according to two new polls. Some 38% of Americans now favor lifting the debt ceiling, a 10-point jump from a month ago, as opposed to 31% against, according to a Wall Street Journal /NBC poll. Almost 60% support President Obama's $4 trillion deficit-reduction plan. More»

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Raising Debt Limit Again Invites US Ruin

Marco Rubio: We need a reform plan now, or the next generation is in trouble

entitlement programs • national debt • spending • Marco Rubio • debt ceiling

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More Newser Stories

Boehner Kicks Off New Fight Over Debt

He won't agree to raising ceiling without spending cuts to offset

Jon Stewart Assembles the Super Committee

It's 'America's own legion of doofs': Jon Stewart

Putin on US: It's a 'Parasite'

Debt fight shows why world should move away from dollar, Russian leader says

Obama, Boehner Near 'Grand Bargain'—Maybe

Reports cite $3T deal with tax reform, entitlement changes

Poll: Public Wants Debt Compromise

GOP losing ground in battle for public opinion

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