From the Daily Caller in January 2011:
“If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy.
From The Hill yesterday:
Senate Majority Leader Harry Reid (D-Nev.) is moving legislation to push the debt limit until Dec. 31, 2014, well beyond next year’s midterm election.
Senate aides estimate the bill would increase federal borrowing authority by about $1.1 trillion.
Is there any doubt that this whole discussion is based on politics and not based on what is good for America and Americans? Until we vote professional politicians out of office, this is the kind of nonsense we will have to live with.