What’s Another $1.2 Trillion … Obama Makes Official Request that Congress Raise the Debt Ceiling to more than $16 Trillion
And the Barack Obama spending keeps on coming … UNPATRIOTIC!
It’s official, President Barack Obama asks for the debt ceiling to be raised by another $1.2 trillion. Good grief, will the spending never stop? where is the fiscal discipline from this President, where is the leadership to take on the ridiculous National Debt and go after entitlement programs and wasteful DC spending that are bankrupting America?
The Gateway Pundit reminds us of when Barack Obama called raising the national debt irresponsible and unpatriotic when GWB raised the debt by $4 trillion in 8 years. What does Obama say about the $8 trillion he has increased it by in less than 4 years? Hmm? Talk about your Obama hypocrisy.
President Obama on Thursday made an official request that Congress raise the debt ceiling by $1.2 trillion over the objections of several House Republicans.
Obama’s formal notification gives both chambers 15 days to vote on whether to approve the hike. The House plans to vote on this request on Jan. 18, a spokeswoman for House Majority Leader Eric Cantor (R-Va.) said.
The United States reached the $15.194 trillion debt limit on Jan. 4, according to Treasury statements. Since that time, Treasury has employed the “extraordinary measure” of tapping into its Exchange Stabilization Fund to avoid exceeding the limit.
The White House agreed not to make an official request to raise the debt ceiling until now so that Congress could vote on the matter.
The United States cannot afford another 4 years of Barack Obama … the 2012 cannot come fast enough.