Debt Limit Will Be Hiked To Nearly $19 Trillion


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.

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.”

That would set the debt limit at $18.794 trillion.

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)

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.

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.