Request that Congress raise the debt limit to the deepest recession in 8 years, the presidential adviser says that the new Congress must authorize the increase or the impact will be "catastrophic." The Republicans who dominate the new Congress, have said that "the impact on the economy will be catastrophic" if Congress does not raise the debt limit of the Government, warned the head of the presidential economic adviser, Austan Goolsbee.
In the battlefield that are political programs on television Sunday, Republicans immediately responded that the government should stop spending money you do not have.
The Republicans won a majority in the House of Representatives election last November, and taking public positions on national television is a preview of the battles between President Barack Obama and Congress after next Wednesday to begin the legislative session .
The U.S. indebtedness has a limit set by Congress, $ 14.3 billion and is expected, while scramble to pull the economy out of recession deeper and longer in nearly eight decades, the government gets to that limit in the first quarter.
In elections last year many candidates backed by the citizens' movement Tea Party promised that if the government does not cut costs they do not authorize the increase in debt.
"If we get to the point where we hurt the full faith and credit of the United States would be in the first moratorium in history caused by pure folly," Goolsbee said the program This Week on ABC television.
Immeasurable debt:
The U.S. budget has a deficit of 1.3 billion federal dollars and a bipartisan panel created by President Barack Obama for the study of the reduction of debt, was unable to reach agreement on recommendations to cut the deficit to about400,000 million dollars in fiscal 2015.
Representative Michell Bachman, Republican of Minnesota, said on the show Face the Nation, the CBS television that "voters want Congress to stop spending money" does not have.
"I'm not in favor of increasing the debt limit," said Bachman.
Social spending vs. military spending:
His colleague, Senator-elect from Utah, Mike Leey, who appeared on the News Sunday on Fox television, said he is willing to tell Americans "have to do without some government programs" to control spending.
"Americans are already doing in their homes," said Lee.
The greatest chops in government expenditures are for U.S. federal military spending and Social Security programs (retirement) and Medicare (subsidy for the costs of health care for the elderly).
Goolsbee said that President Obama to reach agreement with Republicans on programs and laws that benefit the economy and the incentives for investment and tax cuts for workers and small businesses.
But Goolsbee said he should cut government spending that are necessary for economic growth.
"The reason why the deficit is so large this year because we are emerging from the worst recession since 1929," said Goolsbe, adding that "the long-term fiscal challenge facing the nation is important."
Republican Senator Lindsey Graham of South Carolina, showed a greater willingness to compromise with his fellow Obama more militants, many of whom come to Congress this year driven by the Tea Party.
"He did not raise the debt limit would be bad for the U.S. position in the world," Graham said on Meet the Press on NBC television.
But Graham said he does not vote for the measure until they have a "clear plan for handling the debt."
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