Democrats are looking to increase the debt by $1.9 trillion. This means that Obama and his liberal allies in the Congress have increased the debt more in 2 years than the Republicans did in 6. Remember, these were the same people who said they could fund all their projects, and all their liberal ideas by raising taxes on the rich, cutting waste, and ending the war in Iraq. Yikes! It doesn’t look like it’s going well and unless these liberals stop all this spending we’ll soon be defaulting on the debt and that will throw us in a recession like the world has never seen. Too bad liberals continue to spend our nation into the ground all under the compassionate belief that they are “helping the needy”. We will all suffer for their “compassion”. The wealth of this nation will be wiped out in 5 years unless these people are reigned in and this runaway spending is stopped.
Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.
The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent a first-time default on obligations. It promises to be a challenging debate for Democrats, who, as the party in power, hold the responsibility for passing the legislation.
It’s hardly the debate Democrats want or need in the wake of Sen.-elect Scott Brown’s victory in Massachusetts. Arguing over the debt limit provides a forum for Republicans to blame Democrats for rising deficits and spiraling debt, even though responsibility for the government’s financial straits can be shared by both political parties. Continued…
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