The debt ceiling has been raised over 11 times since it's been put in place.
President Obama was all for spending cuts as well as raising taxes on the wealthy, but Rush only ever mentions that he wants to raise taxes but not cut spending.
That's called spin!
And of course he's at it again today.
Today it was revealed that Ronald Reagan *also* agreed to raise the debt ceiling. Ronald Reagan, whom Limbaugh calls prententiously, "Renaldus Magnus".
There was no need to cut this debt ceiling rise so close to the deadline. Raise it, and cut spending afterwards. Instead they've sent panic throughout the world, as the 50% of foreign folk, including China, who own half our debt, weren't very happy...
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