"WASHINGTON - Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.
The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent a first-time default on obligations. It promises to be a challenging debate for Democrats, who, as the party in power, hold the responsibility for passing the legislation."
The Democrats' insatiable appetite for spending exceeds even the Republicans of the previous administration, who became intoxicated with the vision of a federal government as a limitless source of cash and solution to every problem.
But the Republicans apparently were Small Potatoes compared with the current Democrat administration, whose desire to control and consume All Things reminds me of a python preparing to swallow a goat.
Posts
No comments:
Post a Comment
Thanks for Your comments! (Comments are moderated and usually approved the same day.)