Aug 02

Way to go! Largest Debt-Limit Increase in History!

If Barack Obama is reelected, and Democrats have control of either the house or senate, or enough to filibuster, stick a fork in the U.S., it’s done. As a matter of fact, the weak tit Republicans aren’t much better, they always cave, and with the debt ceiling vote, proved it. They just gave Barack Obama a blank check for over 2 trillion dollars. The ball game is over gang, this country will be no more, very soon.

I have to be honest. When I hear people say, whether it’s Sean Hannity or Harry Reid, that the United States is the greatest nation in the world, that makes me feel funny because I don’t believe it anymore. In fact, since January 20, 2009 this country has become a shit hole. We’ll see how the 2012 election plays out, but this much is true regardless, Barack Obama will never be “my president” for 8 years. Not gonna happen, what will happen is Stephen Harper will become my Prime Minister.

My prediction is Barack Obama will spend every penny (and then some) on his new 2 trillion-dollar allowance, and it will be timed out so that all hell will break loose, and we go through this nonsense again, shortly after a second term is finished. Who wants a nice friendly little wager on that one? Anybody?

The bill to increase the federal debt limit that has been put before Congress today would increase that limit by up to $2.4 trillion, which would be the largest increase in the debt limit in U.S. history by a margin of half a trillion dollars, according to records published by the Government Accountability Office and the Congressional Research Service.

In fact, according to records published by the Congressional Research Service, if the current bill is passed and the debt limit is increased by $2.4 trillion, the two largest debt-limit increases in U.S. history would come in back-to-back years, both during the presidency of Barack Obama.

Up until now, the largest increase in the debt limit was the $1.9 trillion increase passed by Congress and signed by President Obama on Feb. 12, 2010. That law increased the debt limit from $12.394 trillion to $14.294 trillion. Read the rest

Worse than Jimmy Carter. He needs to leave.