Democrat aim to increase debt limit is wakeup call to U.S. taxpayer
Thursday, January 21, 2010 at 10:07AM Commentary by Kay B. Day
Had it not been for Republican Scott Brown’s historic victory in Massachusetts, the Democrat Party’s aim to increase the U.S. debt limit might take the top spot in the blogosphere right now. The Associated Press said on Wednesday the government needs “an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.”
If the country had a platform for a national town crier, that $1.9 trillion figure would be shouted at the top of his lungs. [Article continues below graphic.]
The US Treasury provides the public with information about US debit and who holds it.
The truly disturbing element in this request is a complete lack of attention to downsizing the federal government. The only way to avoid continuing to raise the debt limit is to do what the private sector does in hard times—reduce expenses. There are exceptions, of course. Crony corporations get bailouts. Taxpayers fund those too, and we hear politicians tell us we’ll get our money back. How?
Democrats,
GOP,
US Government,
US Taxes tagged
' federal spending,
Fannie Mae,
Freddie Mac,
US debt,
earmarks,
pig book 



