This purely partisan passage permitting the federal government to spend even more than the amount it is already spending but doesn’t have, probably accounts for why Massachusetts Senator-elect Scott Brown is still the Senator-elect. Perhaps his swearing in is being delayed until some other slights of hand can be performed by a filibuster proof majority that can go unchecked and pass anything it wants.
For the record when President Bush assumed office 2001, our debt stood at $5.6 trillion . In 2006 when leadership of the House fell to Democrats, the debt limit was raised to $9 trillion. In 2007 another $850 billion was added to the debt limit bringing it to $9.85 trillion. In 2008 Congress raised the debt limit by another $800 billion to a limit totaling 10.6 trillion.
“Hey look, I saved your ass with a bailout so now I want you to issue me a credit card with a million dollar credit limit. Next week I’ll be back for another 1.3 million limit”
Boy it must be great to be a member of Congress. You get to change the rules and create ways to legitimize anything, including selling off our future to the Chinese.
I am glad to see that all 40 Republicans in the Senate stood firm and opposed the Democrat’s raising of the spending limit. I just hope that when they do take back control of the Senate, they will stand as united against such a limit increase the next time it comes up for consideration.