Biden said he wasn’t going to give an inch and Speaker McCarthy made him give a couple of feet. (It was nowhere close to a mile.) But it all comes at the cost of raising the U.S. debt ceiling by $4.0 trillion.
Tagged: debt ceiling
The federal government is spending more while taking in less. Understanding the consequences doesn’t require an Ivy-league degree.
Contrast the Texas Legislature to the U.S. Congress. It has been decades since Congress actually passed a budget.
We keep hitting the debt limit and therefore keep having government “shutdown” dramas because the Congress has stopped functioning as it should as keeper of the purse.
If journalism were functioning in America, the reporting would go beyond the ‘gotcha’ politics of the moment and would drill down into the actual substance of what separates the parties.
Whenever there is chaos it is appropriate to look to the guy at the top. In this case, that guy is Barack Obama. Above all, it is the president’s job to lead and Barack Obama is choosing not to.
Aside from throwing out a number ending in the word, “trillion,” what specific spending cuts are any of Obama, Boehner, Reid, the “Gang of Six” or anyone else proposing? When does anyone propose the the U.S. actually spend less money than it is currently spending?
Richard Nixon is regarded as one of the most cynical presidents ever. Yet even he might be appalled at the current president’s demogoguery on deficits and the debt ceiling.
Every chief executive and every business owner in the country has had to prioritize spending since the economy went soft in 2007. It’s what executives get paid to do. But President Obama refuses to make spending choices. He prefers vilifying successful Americans as a sop to his hard left base.
Were it not for those greedy private jet owners refusing to pay their “fair share” of taxes America could solve its deficit and debt problems. So says the Demagouger-in-Chief as he avoids actually addressing the problem.
Bill and Marge have been hitting the VISA card each month to close the gap between what they earn and what they spend. Their reckoning is coming. The U.S. Government needs to learn from Bill and Marge.
Ordinary Americans can’t just walk into the bank, demand an increase on their credit card limit and leave an I.O.U. But that’s what Democrats want to do with the federal debt.