Debt Limit – A Guide To American Debt Made Easy

It all makes sense now.

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6 Responses to Debt Limit – A Guide To American Debt Made Easy

  1. BrunDawg says:

    Cut from a “budget” makes even this sound better than it is. He should have budgeted a bigger trip.

  2. R.D. Walker says:

    Just so everybody knows, the dude heading off to Australia is Obama and the banker is the GOP Congress.

  3. Jim Brown says:

    Two points: 1. Raising the debt ceiling is necessary to continue spending that has already been approved by the President and Congress–basically a formality. 2. The debt ceiling has been raised 74 times since 1962–18 times under Reagan; 8 times under Clinton; 7 times under G.W.Bush; 3 times under Obama.

    • R.D. Walker says:

      Point 1: Spending now and then pleading necessity later just means you screwed up now. It is an endless cycle of stupidity that makes a mockery of any type of control of the national debt.

      Point 2: They all screwed up then, didn’t they?

    • RJ says:

      So getting another new credit card to pay the minimum payments on previously charged to the hilt credit cards instead of cutting household expenses to meet previous credit card payments makes so much sense.

      Oh yea the new card is gonna be at a slightly higher interest rate because of the last time you got a new card that was promptly maxed out.

      as for your #2 being stupid 72 times in the past does not make the 73rd time any less stupid.

  4. notamobster says:

    Two points: 1. Raising the debt ceiling is necessary to continue spending that has already been approved by the President and Congress–basically a formality.

    It’s ONLY necessary to CONTINUE spending! Thus, if we curb the spending, the necessity will no longer exist. Thanks for proving our point.

    2. The debt ceiling has been raised 74 times since 1962–18 times under Reagan; 8 times under Clinton; 7 times under G.W.Bush; 3 times under Obama.

    Thousands of people are electrocuted every year. Doesn’t make sticking a fork in outlet any less stupid.

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