A Trillion Here, a Trillion There…
Tags: Tax and Spend Liberalism.
Click here to get Caucus of Corruption: The Truth About The New Democratic Majority by Matt Margolis and Mark Noonan.
…and pretty soon, you’re talking about real money:
In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.
“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told POLITICO Wednesday. And the Maryland Democrat confirmed that the anticipated increase could be as high as $1.8 trillion — nearly twice what had been assumed in last spring’s budget resolution for the 2010 fiscal year.
Republicans should attempt a filibuster – certainly, all Congressional Republicans must vote “no” on this, as a matter of principle. Make the Democrats, if we can, vote for increases on a month by month basis so that the people can ask the question: when will we balance the budget? Obama says he’ll cut the deficit in half by the end of this term – meaning, that we’ll “only” have $700 billion or so deficits, given the deficit for 2009. This is absurd – we must stop spending more than we take in.
Thank you for visiting Blogs For Victory. If you enjoy our content, please consider making a donation to help us cover the costs of our servers.Mark Noonan is co-author (with Matt Margolis) of Caucus of Corruption: The Truth About The New Democratic Majority. He also blogs at Nevada News and Views. Follow Mark on Twitter.
6 Responses to “A Trillion Here, a Trillion There…”
Caucus of Corruption
It is amazing how some people do not realize that this IS real money. We will have to repay this debt somehow, sooner rather than later. It would be nice to see some real backbones on the part of the Republicans and have them working to block this. But given some of the pork found in other bills, that seems unlikely.
I am glad that Obamateur promised to be fiscally responsible.
The children are definitely running the asylum
HEY
I’m buying into it.
I am going out and borrowing $500,000.00 and get out of debt.
Then I can buy that big boat I want and a house on the water.
Of course ill have to borrow $1.5 million more to pay the balance off and have enough to maintain my lifestyle?
Pay it back???? HA
let the kids worry about that!!
That’s right neo.
According to the Obamateur we can borrow our way into prosperity!!!
But in the same note, I seem to recall that these same modern liberal looters were complaining about the amount of debt that was accumulated when they are not in power.
go figure.