Thursday, July 7, 2011

The debt ceiling

The government is desperate to increase the debt ceiling so that they will be able to make their obligations, payment wise, to various people.

Rush says, "Obama, raise the debt limit so I can keep being irresponsible."

What he doesn't say is of course that president after president has raised this debt ceiling, Obama's not the first one to [try to] do it. It's been raised eight times, I think, in the last ten years.

The time to stop is now, but if its raised one more time...what's the big deal?

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