When will Obama stop borrowing? He blew through the last debt ceiling in 3 months!

Mitch McConnell gave Dear Leader a blank check, and he blew through $500 Billion in just three months.

President Barack Obama has blown through more than $500 billion in deficit spending in the three months since passage of the deal proposed by Senate Minority Leader Mitch McConnell (R-KY) on easing the debt ceiling battles that gave Obama virtually unlimited borrowing authority from October 17, 2013 through this February 7th.

Yikes. Half a trillion dollars in 3 months, and our national debt now tops $17.2 Trillion. That's a 60% increase since Obama took office.

So naturally, his henchmen are demanding to borrow even more.

Normal people would cut spending. Hey, it's what you'd have to do after you called Visa for the 14^th time begging for a credit limit increase. Sooner or later they're gonna say "no."

Somebody has got to make Obama cut up his credit cards and get him into one of those debt counseling services. Pronto.

But I'm not counting on Congress to do that. They're just as addicted to deficit spending as he is.

Hey, does anybody here remember this guy?

"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… America has a debt problem and a failure of leadership. Americans deserve better."

I'll give you a hint. He used to be a Senator. And he ran for president. Twice.

"Leadership failure" indeed.

Posted at 11:31 by Chris Wysocki   [/economy]   Comments | Perm Link |
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