The last congress imposed a stimulus bill on this country that was not a stimulus at all, since unemployment increased under it, and the roads and bridges haven’t been built. Then they pushed for a cap and tax program that would raise debt even higher, but they didn’t stop there. The made a massive push for a trillion dollar healthcare bill that was met with massive resistance by the American People. One month before Obamacare became law, which was passed without one member of the Republican delegation, the Democratic congress raised the debt ceiling. Then the trillion dollar Obamacare was passed and now they want to raise it again.
If I had all my credit cards maxed out and was living paycheck to paycheck, then brought home a brand new car. My husband would first cut up the credit cards and then take back the car. If he did not know our financial situation, in time, the car would be repossessed by the dealership.
When the credit card company increases the credit limit on someone who has not been responsible financially, it does not help them to become more responsible. Some perspective:
“With this bill we are putting in place some common sense reforms designed to protect consumers,�? Obama said at a signing ceremony at the White House.
“We’re not going to be giving people a free pass and we expect consumers to live within their means and pay what they owe. But we also expect financial institutions to act with the same sense of responsibility that the American people aspire to in their own lives,�? he said.
Change a few words in that sentence, and that statement can be used against the Democrat’s fiscal irresponsibility.
Hat tip: CJ Williams
The American People made it clear in this last election cycle that they want the credit cards shredded and the Obama car taken back. Obama and the democratic congress have refused to listen to the American People. The Republicans had better listen.
3 Responses to Raising the Debt Ceiling?
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Always take the time 
to say what's in your heart.
Jen, I'm sure you meant to say "unemployment increased" in your first paragraph. I knew what you meant, and it is completely true.
What is so sad and which has become glaringly obvious in the last two years is that our president has no clue what might work to improve our economy and to encourage job growth. Nor, has he surrounded himself with advisors who could help. Most democrats and way too many republicans think that Congress needs to "do something." They are convinced that laissez faire just can't do it.
They also are of the opinion that social justice or economic justice (what do either of those mean?) is more important than free-market capitalism to promote prosperity in the USA for most of the people.
yes I did, thanks for pointing it out, I fixed it.
How can history be ignored so easily? If you have not read "How Capitalism Saved America" by Thomas DiLorenzo, I'd encourage you to do so. I learned SO MUCH about how the colonies began and how those first settlers eventually survived the brutal winters. Basic bartering amongst themselves was amazingly successful, rather than trying to make the "collective" work for everyone. It didn't and it couldn't.