Debt Limit Will Be Hiked To Nearly $19 Trillion


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The good news keeps rolling in. Thanks, Obama voters. Way to go! You could have done something about this and chose not to. My children thank you.

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Senate Majority Leader Harry Reid (D-Nev.) said on Wednesday that if the $16.394 trillion current legal limit on the federal government’s debt must be raised in the next few months by another $2.4 trillion, “We’ll raise it.”

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That would set the debt limit at $18.794 trillion.

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During a Capitol Hill press conference on Wednesday, asked: “Senator Reid, the Treasury Department said last week that we will hit the debt ceiling again near the end of the year. Are you prepared—will you support—” (Read More)

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Gee, what do you think our children will owe after another four year of this? Maybe we should encourage them to learn to speak Chinese.

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All sarcasm aside, I was talking to a friend tonight who is quite distressed about the current situation. She said that Boehner and McConnell should just tell Obama to do what he wants. Let him own it completely. I don’t think it will work, but it is tempting. Kind of like reversing the Cloward-Piven strategy.

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