Democrats in Washington announced today that they will be raising the Federal Debt ceiling by $1.8 trillion before the New Year. This comes on the heels of President Obama announcing his next big stimulus push yesterday morning, cementing his status as the most wasteful president in history.
“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told POLITICO Wednesday
The mark of $1.8 Trillion is double of what was discussed during last springs budgtet resolutions, and is another sign of Washingtons inability to propoerly manage spending. To get this through, Democrats wil be attaching the new ceiling to the Military appropriations bill, which funds efforts in Iraq and Afghanastan making the bill a “must pass” legislation.
“It is December. We don’t really have a choice,” Obey told POLITICO. “The bill’s already been run up; the credit card has already been used. When you get the bill in the mail you need to pay it.”
So you see, they don’t have a choice because they already spent the money. What great representatives we have. They don’t even think for one second that maybe they should cut back on spending. It doesn’t even cross their minds. They are oblivious to the economic realities that we all live with in our personal lives. They are government cronies, completely in bed with government unions and have no sense of what grows and retracts our national value. Think about it-- Nancy Pelosi, Harry Reid, Barrack Obama--- Are any of them educated specifically in economics? Are any of them able to make financial decisions based on sound economic principls? No, they are a bunch of activists and lawyers who solidify their power by growing government. Not even a month ago, Barrack Obama vowed to be more defecit conscious. I guess he does that by expanding the debt ceiling. This is what happens when we elect a social worker to the highest office in the country.
There is no doubt about it people, the politicians of today are both corrupt and incompetent. When facing a $73 trillion defecit from social security, medicare, and medicade; what do they do? They expand the the programs. When Cash for clunkers cost $300,000 a car, and supports foreign car makers more then US car makers; what do they do? Expand.
They think every problem can be solved by subsidizing a certain sector of the market. They completely ignore the housing mess they created, and then go off doing the exact same thing in other areas. Even if the economy recovers, it will not be because of them. It will be in spite of them and it will only be a short term. The America government is bankrupt, and all they can think to do is increase liablities. It is outrageous! But don’t worry, because they promised to build more high speed rail lines for the 2% of the population that uses them.
Throw the bums out!
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