On Friday night President Barack Obama signed into law legislation which raised the national debt limit to $14.3 trillion.
The new law also puts in place new budget rules to curb growing annual deficits. Known as "paygo" — for "pay as you go" — the rules require future spending increases or tax cuts to be paid for with tax increases or other spending cuts.
If the rules are broken, the White House budget office would force automatic cuts in programs like Medicare and farm subsidies. Most other benefit programs, including Medicaid, Social Security and food stamps, would be exempt.
HAHA! Yea and I'm supposed to believe that the White House will actually go through with cutting those programs if they do go over the limit...
I also think so. White House should do that to protect the humanity. Humanity is first all over anyone. Every humanatorian organization should come forward to protect this earth from the investors greed. loops@ore madarchod.
It's really good. I like that.
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