The Debate Continues
President Obama proudly announced that Congressional leaders have drafted a new debt ceiling agreement that could possibly pass today. “The first year of spending cuts is $7 Billion,” began Hannity, “We have a deficit of about $4 Billion a day so we’re talking about a savings of about two days.” Hannity continued, “This is not enough to get me excited.” Sean summed up the situation the best by saying, “The election in 2010 was so historic because people wanted us to fundamentally reduce government spending and stop accumulating debt,” Sean explained, “I don’t know that people are paying attention but we’re basically agreeing to $1 trillion in cuts but accumulating six or seven trillion in debt.” It’s true that Washington has never been good at math but these are staggering numbers and really highlights why this battle is so important. For the latest on the agreement, click here.
Senator Rand Paul: A Predictable Crisis
Sean was joined by Senator Rand Paul to discuss the debt ceiling negotiations. “Everyone is patting themselves on the back and saying we’ve avoided a crisis,” began Sean, “In the next ten years we’re still going to accumulate $7 trillion in new debt.” “If I thought this was going to fix something I’d be silent,” responded Senator Paul, “If we don’t significantly alter our ways we’re going to run into a major crisis.” “This is the most predictable crisis in our history,” offered Paul, “We know this is coming gradually and yet we’re not doing what it takes to avoid this.” With all of this warning it seems strange that Congress is poised to vote on a bill that will essentially stall any major cost cutting measures.
Clark Howard: Living Large in Lean Times
Sean made mention of the great new book by penny-pincher extraordinaire Clark Howard. Mr. Howard's new book, “Living Large in Lean Times,” hits shelves tomorrow and is the latest in a long line of great self-help books he's authored. This book offers 250 ways to save money and increase your personal savings accounts. In light of the likely debt ceiling agreement, it will be more important than ever to save as much as possible. To learn more about Clark Howard's book, click here.
Randal Howard "Rand" Paul (born January 7, 1963) is an American ophthalmologist and politician who describes himself as a "constitutional conservative". He is the third child of Republican Congressman Ron Paul of Texas. Paul is the chairman and founder of Kentucky Taxpayers United. In August 2009, Paul officially announced his candidacy for the United States Senate seat held by retiring Senator Jim Bunning of Kentucky. Paul, a lifelong Republican, won the party's primary election on May 18, 2010. He then defeated Kentucky Attorney General Jack Conway in the general election on November 2, 2010.