What a shocker. As Reagan said, “Congress consistently brings the government to the edge of default before facing its responsibility.” He slammed the “this brinksmanship” because “it threatens the holders of government bonds and those who rely on Social Security and veterans benefits,” adding that it threatened to raise interest rates and explode the deficit.
Ronald Reagan raised it 18 times.
Republican George W Bush raised it 7 times including once where ONLY Senate Republicans voted for it in 2006 when (guess who!) Barack Obama opposed it.
Now, formerly against it Barack Obama is for it. Now formerly FOR IT Republicans are against it. Again, what a shocker. I’m finding it hard to believe that Republicans are opposed to spending while Democrats are in power and that Democrats are opposed to spending while Republicans are in power. And people still think significant differences amongst the parties exist? Lol.
Obama’s not insane, he’s just doing what everyone before him already did. If someone has a problem with it now, but wouldn’t if Mitt Romney was elected then it shouldn’t be too hard to figure out why we keep kicking this can down the road. Let the next guy worry about it said all the guys before, so the current guy of course is saying the same thing.
Be prepared to be arguing about this again in 2017! And 2019, and so on. Headline from the paper in 1952: “How Big a National Debt Can We Stand? Many are sure we are already bankrupt.”
We didn’t start the fire…