Memo to Chief House Appropriator
Paying Off Your Credit Card Bill and Raising Your Credit Card Limit Are Not the Same Thing
Washington,
Dec 10, 2009 -
The Democrats are increasing non-defense discretionary spending by 85 percent in just two fiscal years. They’re also planning to raise the federal debt limit this month by $1.8 trillion. If you add that to the four previous times Democrats have raised the debt limit since they took over Congress in 2007, it comes to almost $5 trillion. For those of you keeping score at home, that’s a 55 percent increase in the debt limit in just three years.
We’ve often wondered how the Democrats can justify this absolute recklessness. Yesterday, House Appropriations Committee Chairman David Obey provided us with a lamentable insight while discussing the impending debt limit hike.
“‘It is December. We don’t really have a choice,’ Obey told POLITICO. ‘The bill’s already been run up; the credit card has already been used. When you get the bill in the mail you need to pay it.’” (Politico, 12/09/09)
For the record Mr. Chairman, there’s a difference between actually paying off your credit card bill and just raising the limit by $1.8 trillion.
Sigh. Some days, you just have to wonder.
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