Andrew McCarthy found a very convincing argument Republicans can use in the upcoming debate over whether to increase the debt ceiling to well over $14 trillion. I would like it very much if a smart conservative Senator stood up and read this, from the 2006 push to raise the debt ceiling to what today seems like a paltry $9 trillion:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
Click through to the link to find out who the partisan firebrand who wanted to plunge the country into utter financial ruin was. You’ll be surprised.
Or maybe not.
Category: The Economy and Your Money