Barack Obama Wants to Raise the Debt Ceiling Again … Borrow Another $1.2 Trillion on Chinese Credit Card
Remember when candidate Obama called W “unpatriotic” for borrowing?
You can’t be serious? Wouldn’t it be nice if “WE THE PEOPLE” had an unlimited budget and debt ceiling as well? We at Scared Monkeys cover political, current events, missing persons stories and true crime. These days the real “TRUE CRIME” is what is being perpetrated on the American people by our Government.
President Barack Obama will ask Congress to raise the debt ceiling once again. Who honestly thinks that this is the way that one handles paying their bills when they spend more than they take in? Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion.
Watch the Video below, courtesy of the Gateway Pundit, where Barack Obama, the Hypocrite in Chief, called Bush “unpatriotic” for raising the debt limit by $4 trillion during his eight years. Obama called it irresponsible and unpatriotic. So what does that mean you are Barack for doing worse in three years? Please tell me some one at the GOP is already making this political ad for 2012?
The White House plans to ask Congress by the end of the week for an increase in the government’s debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.
The approval is expected to go through without a challenge, given that Congress is in recess until later in January and the request is in line with an agreement to keep the U.S. government funded into 2013.
The debt is projected to fall within $100 billion of the current cap by December 30, when the United States has $82 billion in interest on its debt and payments such as Social Security coming due. President Barack Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion, part of the spending authority that was negotiated between Congress and the White House this summer.
As the Lonely Conservative opines, America is not safe from this President even when he is on his million dollar vacation in Hawaii and playing his 90th round of golf. A tax and spend liberal like Obama always finds time to tax and spend and raise the debt to even higher levels. The new debt limit will go up to almost $16.4 trillion. That’s $16,400,000,000,000!!! Brought to you by the President and the Democrats who refuse to pass a budget.
What Pat in Michigan said … These people are just running this country into the ground. For all things that are Holy and Good, please, please for the Love of God vote this guy out of office and provide us with a responsible President and Congress in 2012. I beg you America, before it is too late.