Are you ready for another Debt Limit Lalapalooza?

Treasury Secretary Jack Kew has informed Congress that the debt limit must be raised by March 16 or the government will run out of money, or something.

We play these games every couple of years. Congress appropriates the money to run the government then, when it's time to raise the debt limit to cover their profligacy, they all of a sudden become debt wariors and rail against all that money being spent that they voted for.

It's crazy.

CNBC:

In a Friday morning letter to House Speaker John Boehner and other House and Senate leaders, Lew said that his office will be forced to suspend the issuance of State and Local Government Series securities on Mar. 13 unless the debt limit is raised.

The U.S.'s top finance official said the U.S. will hit its debt limit on Mar. 16, but would begin taking "extraordinary measures" to finance the government on a temporary basis, according to the U.S. Treasury.

"Accordingly, I respectfully ask Congress to raise the debt limit as soon as possible," Lew wrote in his letter.



Read more: http://www.americanthinker.com/blog/2015/03/are_you_ready_for_anoth... 

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$18 Trillion plus federal operating debt and over $100 Trillion in unfunded mandates even the Social Security trustee warns spending is unsustainable....

That's a good cartoon.

I sometimes wonder if the whole debt limit debate is a giant ruse, and the government is going to spend what it feels like no matter what.  They act like there is a debate, but once the debate is over the government goes and spends whatever it feels like anyways, regardless of the outcome on paper.

I say NO to increasing anything.  We are aware of the limit we have now  will never be repaid.  Enough is enough.

INCREASE THE DEBT LIMIT $1.00 AND CALL IT GOOD. TELL OBAMA NO MORE TAXPAYER PAID FOR VACATIONS AND TO PARK AIR FORCE ONE. START CUTTING ALL OF THIS MONEY GOING TO COUNTRIES THAT HATE US AND WOULD KILL US IF THEY HAD A CHANCE.

TELL MOOCHELLE SHE HAS TO CUT HER STAFF FROM 25 DOWN TO MAYBE 5. NO MORE GOLF OUTINGS ON THE TAX PAYERS BACK. ELIMINATE ABOUT A DOZEN OF THE MOST WORTHLESS NOT NEEDED GOVERNMENT AGENCIES, AND WE ALL KNOW WHO THEY ARE. CUT THE FEDERAL WORK FORCE BY AT LEAST 30%. "NO" BENEFITS AND TAX REBATES TO ILLEGALS. YOU SEE, I HAVE ALREADY SAVED THIS COUNTRY BILLIONS UPON BILLIONS OF DOLLARS WITHOUT BREAKING A SWEAT.

THE 14TH AMENDMENT GIVES POWER OVER THE DEBT LIMIT YEP TO CONGRESS

MAYBE WE THE PEOPLE NEED TO STOP GIVING OUR TAX MONEY TO THEM AND NOT LET THEM SPEND ANYTHING TIL WE SAY SO HUH

We need to not only balance the budget we need to find the way to pay it down after we hang the bastard who put us here.

The tax plan we need is not on the money we earn but the money we spend and it should go to the states so we can demand how its spent.

Nope, it should not happen. Shut it down.

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ALERT ALERT

Obama Lies Again: – Ignores That The Year After Signing The Stimulus More Than (4) Million Jobs Were Lost

Former President Obama, the only President in US history who had his FBI and other Intel agencies spy on the opposition party candidate, claims that he created the great economy that Americans are enjoying today. The only thing Obama created was debt and massive job losses with his horrible economic recovery.

Yesterday the former President tweeted an effort to take credit for President Trump’s successful economy:

Joe Hoft@joehoft

Of course another @BarackObama lie. He can’t open his mouth without lying. 11 years ago the US lost (4.3) million jobs over the next 12 months. Horrible liar. https://twitter.com/barackobama/status/1229432034650722304 

Barack Obama  @BarackObama

Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.

President Obama’s policies were a disgrace and a failure. He doubled the national debt in spite of zero interest rates from the Fed. His recovery was the worst in US history.

Also, Obama’s assertion is just plain false. The ‘Stimulus’ was passed in February 2009 right after Obama took over the Presidency. He promised to not pass any bills for at least a week to allow for the bills to be read by the people but lied as soon as he was sworn in. The Stimulus was hundreds and hundreds of pages of government handouts to Democrat districts and it was close to $1 million. This was not what America needed and it led to the Tea Party.

Far-left Wikipedia has this to say about the Stimulus:

Note that in his infinite wisdom, NYT economist Paul Krugman is credited with arguing that “the stimulus was far smaller than the economic crisis warranted”. (He also said the markets would crash and burn if President Trump was elected President.)

The data shows that the 12 months after Obama’s stimulus, the US lost 4.3 million jobs:

In Obama’s first three years he netted a loss of 1.5 million jobs compared to President Trump who has added more than 6.7 million jobs.

When it comes to the economy, the billionaire schools the community organizer every time.

Tucker: Bloomberg is trying to buy the election

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