THE WISE SHALL UNDERSTAND

Obama To Ask Congress To Push Debt Limit To $16,394,000,000,000.00

| December 27, 2011

WASHINGTON (Reuters) – The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior Treasury Department official.

Obama's bible - Saul Alinsky's 'Rules For Radicals - clearly states that the governmental systerm must first be collapsed thru debt and entitlements before it can be remade as a Socialist entity.

The debt limit is projected to fall within $100 billion of the current cap by December 30. President Barack Obama is expected to ask for additional borrowing authority to increase the limit by $1.2 trillion.

Under the new budget, Congress can only vote to block the debt-ceiling extension with a disapproval resolution. Lawmakers have 15 days within receiving the request to vote down the debt limit increase.

The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request. source – Yahoo News

About the Author:

NTEB is run by end times author and editor-in-chief Geoffrey Grider. Geoffrey runs a successful web design company, and is a full-time minister of the gospel of the Lord Jesus Christ. In addition to running NOW THE END BEGINS, he hosts a twice-weekly bible study and prophecy radio show on BlogTalk Radio, and oversees a dynamic street preaching outreach and tract ministry team in Saint Augustine, FL.
Filed in: Obama, Washington
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