October 17th, 2013
02:14 AM ET

Key points of the new debt deal

OK, so Congress passed a bill, the President signed it into law and the government's finally back in business.

But with all the last-minute press conferencing, speechifying, and endless partisan tweeting, the one thing that wasn't extensively discussed was the actual details of the bill. Since it evolved constantly and was pushed through at the 11th hour, things got a tad confusing.

Here's are the key points you need to know about the bill that saved the government:

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Filed under: Politics
soundoff (64 Responses)
  1. bobcat (in a hat)©

    Resolving to surprise her husband, an

    executive's wife stops by his office.

    As she walks in
    unannounced, she finds his secretary sitting on his

    hesitating, he begins to dictate a letter... "And in
    gentlemen, budget cut or not, I cannot continue to operate this
    with just one chair.

    October 18, 2013 at 2:38 pm | Report abuse |
  2. saywhat

    @bobcat. That was good thanks.

    October 18, 2013 at 2:50 pm | Report abuse |
  3. saywhat

    We have managed after all, with our 'endeavors' during these past 12 yrs to change the way world looks at US. That our founding fathers must be turning in their graves is immaterial.

    October 18, 2013 at 2:57 pm | Report abuse |
  4. bobcat (in a hat)©

    This almost year after year contest of brinkmanship between our "leaders" has gotten too commonplace. People, please take control of those you chose to represent you ? I really find it hard to believe that you accept this kind of fear mongering, especially if you are one of those individuals that have a stake in what happens in the financial sector. ( as in stocks, bonds, 401K or what have you. Would the loss of a large part of your money, present or future, be acceptable to you, especially if it was partly caused by one of those you support ?
    It is time to put all this partisan crap behind us and talk with one united voice. Let these leaders know that we are the ones that put them in there and we can damn sure take them out. All it will take is for everyone to quit thinking Republican or Democrat and more toward results.

    October 18, 2013 at 3:13 pm | Report abuse |
    • banasy©

      Governing by brinkmanship isn't governance at all. It's not about the debt; not really. It seems it's all about showing people who is more radical anymore; why do people think being crazy is something to be admired?

      October 18, 2013 at 8:18 pm | Report abuse |
    • bobcat (in a hat)©

      I don't know either banasy. It's just hard to believe that the people that put them in could be satisfied with what they are doing. Especially knowing that the consequences could involve their own well being as well. Doesn't make sense.

      October 18, 2013 at 8:42 pm | Report abuse |
    • banasy©

      Rawr, I cannot fathom that these people don't know how the debt originated, and that if Obama didn't spend another dime, the national debt would still go up by over one billion dollars a day,
      due to accrued interest on the debt. Not to mention that expenditures don't originate in the WH.

      October 18, 2013 at 11:05 pm | Report abuse |
  5. bobcat (in a hat)©

    A cocky State Highways employee stopped at a farm and talked with an old farmer. He told the farmer, "I need to inspect your farm for a possible new road."

    The old farmer said, "OK, but don't go in that field." The Highways employee said, "I have the authority of the State Government to go where I want. See this card? I am allowed to go wherever I wish on farm land."

    So the old farmer went about his farm chores.

    Later, he heard loud screams and saw the State Highways employee running for the fence and close behind was the farmer's prize bull. The bull was madder than a nest full of hornets and the bull was gaining on the employee at every step!!

    The old farmer called out, "Show him your card!!"

    October 18, 2013 at 3:42 pm | Report abuse |
    • dazzle ©

      LOL oh bobcat you did it again.

      October 18, 2013 at 10:44 pm | Report abuse |
    • ronvan

      BOBCAT: You are truly a breath of fresh air during all of this lunacy! Thanks!

      October 19, 2013 at 4:38 am | Report abuse |
  6. saywhat

    Agree absolutely@bobcat. I wake up everymorning hoping that the nation would wake up too.
    well said. Craziness is the new normal.

    October 18, 2013 at 9:53 pm | Report abuse |
  7. chrissy

    Thank you @ saywhat. I know it would probably cause a little hardship for some citizens but i think it would be worth it in the end. These elected children need a reminder that working americans are the backbone of this country and without us they are nothing! They have been taking advantage of us for far to long and don't believe our opinions matter so its time to show them just how much we do matter!

    October 18, 2013 at 10:08 pm | Report abuse |
  8. chrissy

    And corporate america wouldn't exist for long without hard working citizens and the 1%ers wouldn't either! Just one day would sure cost em a bundle!!

    October 18, 2013 at 10:12 pm | Report abuse |
  9. Insert name sideways up your

    I'm still waiting for these traitors to be arrested and their property seized. That would get their attention. ;

    October 18, 2013 at 10:42 pm | Report abuse |
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