Democrats Propose $1.9 Trillion Debt Limit Increase

by Shannon Bell
www.rightpundits.com

Last November Congress raised the debt limit for the United States bringing our National Debt to a whopping $12.3 Trillion dollars. Now, just two months later, democrats propose raising the debt limit $1.9 Trillion bringing the total debt incurred by the country to $14.3 trillion dollars. The move is being urged by the White House, of course, and will almost certainly pass.


Like every other piece of legislation making its way through congress right now, democrats are almost solely responsible, for good or ill. Democrats proposing $1.9 Trillion increase in the debt limit is ill timed legislation to say the least. They own it, and they know it. Considering the fact that racking up debt is one of the factors that led to the Scott Brown victory inMassachusetts.

A White House statement said that increasing the debt limit, “is critically important to make sure that financing of federalgovernment operations can continue without interruption and that the creditworthiness of the United States is not called into question.” I’m thinking that perhaps the creditworthiness of the United States has already been called into question by many. China for one, Russia for another.

The democrat proposal to raise the debt limit is just a quick fix to a much larger and growing problem. These clowns have borrowed and printed so much money that it will almost certainly never be paid off. The purpose of raising the debt limit is to be able to continue government programs which for the most part are entitlement programs which we went into debt to pay for in the first place. It’s like taking out a loan to pay the minimum on your credit card bill. It simply makes no fiscal sense.

Government itself has become a beast that needs to be fed constantly. Its food is money, and it never gets enough. The beast will constantly eat, the beast will never shrink, it will always increase its tolerance for more. And then it will meet and exceed that and continue wanting more. Never stopping until it explodes, gorging itself into oblivion.

Conservatism can tame the beast, conservatism can kill the beast. Democrats proposing $1.9 Trillion debt limit increase into a massive $14.3 Trillion debt is just another tool to be used by conservative members of congress, politicians, candidates and pundits to insure that the destruction of the beast which started on Tuesday continues right through November of this year.

Alexander Opposes Increase Of National Debt Limit

posted on www.chattanoogan.com January 28, 2010


Senator Lamar Alexander said he was opposed to increasing the nation's debt limit on Thursday. The legislation would increase the nation’s debt limit by $1.9 trillion – from $12.4 trillion to $14.3 trillion:

He said, “It took this country 230 years to reach $10 trillion in debt. Now, in just 15 months we’ve added more than $2 trillion more. The president was right last night when he said we should not leave Americans with a ‘mountain of debt.’ To hold Congress to that challenge, he should veto this debt increase, which is larger than the size of the entire federal budget in 1999. If this increase in the national debt becomes law, it will leave our children and grandchildren a country they cannot afford and a government they cannot control. Until Congress and the president take steps to bring this alarming debt under control, we should not increase the debt limit.”

AP-Paulson urges Congress to lift U.S. debt ceiling

The following appeared in the Sept. 20 issue of the St. Paul Pioneer Press via the AP.

Treasury Secretary Henry Paulson told Congress on Wednesday the government will hit the current debt ceiling on Oct. 1. He sought quick action to increase the limit, saying it was essential to protect the "full faith and credit" of the country, especially at a time of financial market turmoil. The limit is $8.965 trillion. Unless Congress votes to raise it, the country would be unable to borrow more money to keep the government operating and to pay debt obligations coming due. The United States has never defaulted on a debt payment, but the decision on whether to raise the debt ceiling often means a prolonged battle in Congress. That does not take into account moves the government often has to use, such as withdrawing investments from certain trust funds to create room for extra borrowing until Congress finally approved a debt-limit increase. This month, the Senate Finance Committee approved increasing the limit on the debt to $9.82 trillion. That boost of $850 billion would be the fifth since President Bush took office in 2001. The House approved an increase in May. The full Senate has not acted yet.