Thursday, January 21, 2010

Got Hope? The change will cost us another $1.9 trillion

Democrats propose $1.9T increase in debt limit -Yahoo! News
"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.

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