The debt ceiling is going up.
The Senate voted today to allow it. Instead of having to vote for the debt ceiling, those geniuses John Boehner and Mitch McConnell surrendered, er, I mean worked out a compromise where Obama could automatically get the debt ceiling increased. The only price they would have to pay was a “symbolic” vote that would make them look bad and allegedly make the Republicans look good.
From Politico:
Despite Republican opposition, the Senate on Thursday voted to allow President Barack Obama to increase the debt ceiling by $1.2 trillion, an amount large enough to ensure the federal government can pay its bills through the November elections.
On a mostly party-line 44-52 vote, the Democratic-controlled Senate rejected a measure that would have set up a vote to block hiking the debt limit to $16.39 trillion.
All but one Republican — Sen. Scott Brown of Massachusetts — voted to deny Obama’s request to increase the nation’s legal borrowing limit. All but two Democrats — Sens. Joe Manchin of West Virginia and Ben Nelson of Nebraska — voted to support the president’s request.
Last week, the GOP-led House voted 239-176 to disapprove of the president’s latest debt request, but the Senate action essentially kills that effort.
The complicated procedural maneuver, part of last summer’s bipartisan agreement to increase the debt ceiling, was designed to force Democrats to take a series of symbolic, yet unpopular votes to increase the federal debt limit ahead of the November elections. It also required Obama to send a formal request to Congress before raising the debt ceiling.
Isn’t that great. The ship of state is sinking faster than an Italian cruise ship and our Republican leaders are showing the same courage as an Italian cruise ship captain. Isn’t it great. The debt now exceeds our gross domestic product but hey, we made the Democrats look bad.
Look bad to who?
The people who are voting Democratic don’t care. They think you can magically print more money and there is an unlimited supply. They think you can just gouge the rich with massive tax hikes and they will just prance down to the IRS office and write large checks.
We have a very narrow window in which to act. Even if the GOP nominates a liberal to be our Presidential nominee, we must get more conservatives into the House and Senate. If we do not get people in office who will get the spending under control, America will be in a total economic collapse by 2016.
Why should Liberals worry. They’ll just villify the Republicans, Conservatives, the TEA Party and capitalism and then demand that we all pay our “fair share” to support their egalitarian utopia.
When liberals, socialists, communists and Democrats talk of “compromise” they mean; “You do it our way, it’s the only way we will accept!” Double Talk = Poli Speak.
Mike Wilson
Bernanke admitted the interest rates are artifically low and he will continue to keep them low until after the elections. After that, all hell will break loose and guess who is going to get the blame? Yep, Republicans will be decimated.
Interests rates go up; money dries up; people don’t invest – in business or stocks; stocks start failing; retirement accounts (virtually all) that are dependent on stocks will plummet if not fail; and it will be hell on earth. That’s the good news.
Our tea party favorite, Mo Brooks, AL, has voted FOR raising the debt ceiling until he could hide behind the facade currently in place which allows him to take cover with a symbolic vote AGAINST.
With Republicans like Boehner and McConnell who needs Democrats?
It’s only borrowed Chinese $$$ and $-deliveries from the Fed. Why should the Dems care as long as they think Romney will do the same if he wins, but he won’t of course. This is not measured in blood yet; but that time is coming. Eventually the house of borrowed $-cards will collapse on itself. This is destruction of savings and redistribution by taxes and more taxes. The shit Blue states about to implode like CT and CA will be the first ‘dominoes’ to fling down the path of Recession and Depression.
BaROKE Owebumbler is SPENDING $4.2 BILLION PER DAY, higest level of spending in U.S. History! While he’s SPENDING, the interest OWED on the National Debt RISES $3.8 BILLION PER DAY! Go to DebtClock.org and you can watch the DEBT rise faster than the ticks of the second hand on a clock.
Apparently my father was wrong. Money DOES simply grow on trees for the picking.
O ne
B ig
A $$
M istake
A merica. Let’s not repeat it, shall we?
I say Throw The bums Out, every last stinckin one of them that keep voting for this crap.