President & Mrs. Barack Obama's disastrous spending sprees have caused near irreparable damage. 
NationFoxNews.com by Margaret Chadbourn (excerpts):  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.  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 extensi...
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