Up until President Obama was fairly elected despite Republicans efforts to eliminate voting there was no issue with raising out dept ceiling. Whether there were Democrats or Republicans in office, it was one of the few things the was truly non partisan and got a pretty unanimous vote. It was raised 19 times previously.
But now, under the bully pulpit of John Bonehead (not a typo) he will allow our nation not to pay it's bills and default. Why?? Cause he and the party he represents would rather destroy the economy of the United States then well do anything to help our country.
http://thinkprogress.org/politics/2013/10/06/2738351/boehner-well-be-on-the-path-towards-default-if-obamas-doesnt-accept-gop-demands/
1 comment:
You must be kidding.
“If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy.
How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think it’s fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes. That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors?
They should explain this. Maybe they can convince the public they’re right. I doubt it. Because most Americans know that increasing debt is the last thing we should be doing. After all, I repeat, the Baby Boomers are about to retire. Under the circumstances, any credible economist would tell you we should be reducing debt, not increasing it. Democrats won’t be making argument to supper this legalization, which will weaken our country. Weaken our county.”
-Harry Reid 2006
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents - #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back -- $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic."
-Barack Obama 2008
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