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Increasing the debt ceiling

January 7, 2010
by

The federal government hit their credit limit recently (not that they haven’t been pushing it all year). Instead of re-evaluating their spending habits, tightening their belts and learning to live within their means, they just raised the limit. Aiming for a high of $1.9 trillion, they tried to make this increase seem a little more palatable by “only” raising it $298 billion – to get us to February. When they will raise it again.

A recent on-line poll of over 163,000 people showed a mind-boggling 99% of Americans are against raising the ceiling – but they did it anyway. Among them was Utah’s Jim Matheson, who voted for the bill. 39 Blue-Dog Democrats voted against the bill, coincidentally the very same number that voted against the health care bill and presumably the precise maximum number Pelosi allows to vote no.

Over in the White House, President Obama has led the way on calling for a debt ceiling increase. In an ironic twist, he also led the way speaking out against Bush raising the debt ceiling to “only” $9 trillion in 2006. Back then, he said: ““Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.” Obama later joined his Democratic colleagues in voting en bloc against raising the debt increase. Fast-forward three years and he’s signing a different tune.

Tired of the drunken-sailor spending going on? I know I am. It’s time for some TRUE fiscal conservatives back there.

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