To raising our debt ceiling – and thus hold them to their own statements:
The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink.
The move will highlight the nation’s record debt, which has been central to Republican attacks against Democratic congressional leaders and President Barack Obama. The year’s deficit is expected to hit a record $1.6 trillion.
Democrats in control of Congress, including then-Sen. Obama (Ill.), blasted President George W. Bush for failing to contain spending when he oversaw increased deficits and raised the debt ceiling.
“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “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.
Its time to stop – $12 trillion in debt is quite enough. Other than funds needed to defend our nation, enforce our laws and provide vital necessities, everything should be on the chopping block. If we can’t squeeze it in to a $12 trillion dollar box, then we simply don’t need it.
This is really not about laying blame – all sides are responsible for this miserable state of fiscal affairs. We need, now, to get hold of things and stop digging ourselves deeper in the hole. Refusing to raise the debt limit is an excellent way to start.
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