Quick, can you tell me the ceiling for our national debt limit? It's okay if you can't ... the Talkmaster is here to educate you. In the economic stimulus package passed in February, the Democrats raised the national debt limit to $12.1 trillion. Just eight months later, the Democrats are already looking to increase that limit yet again ... to $13 trillion. But don't blame it all on Democrats. Republicans are very adept at raising the debt limit when they're in charge as well.
A trillion here, a trillion there .. what's the difference? Your grandchildren will one day be able to tell you that difference. But in the meantime, the only thing stopping Democrats in Congress from raising the limit are the Republicans. The Democrats have already thought about the fact that a few of you taxpayers may not be too happy to hear about this raise ... and this would be a prime issue for the GOP to embrace and attack the Democrats for their spending habits. The Democrat solution? Attach this debt increase to a bill that MUST pass - like a Defense spending bill.
Let's noodle this one through.
- For the last ten years, our government spending has skyrocketed thanks to George Bush.
- Congress votes to increase the debt ceiling.
- Barack Obama gets into office and spends more in his first few months than all other presidents combined.
- Congress needs to increase the debt ceiling, but Democrats don't want to get blamed.
- Democrats attach the vote on the increase to a Defense spending bill to fund the troops in Afghanistan (a hot issue at the moment).
- The Democrats try to downplay the issue of increase so as to not spark public outrage.
- The Republicans say they don't want to vote for the bill because of the increase.
- The Democrats say that the Republicans don't want to support the troops.
- The Republicans end up voting for the bill anyway.
- Election time rolls around, and Democrats use the vote against Republicans saying that they voted to increase the debt limit to a whopping $13 trillion (neglecting to mention the fact that the increase was attached to a bill to fund the troops because the Democrats manipulated it that way).
Isn't this fun, folks?