Friday, December 11, 2009

IT'S JUST UNSUSTAINABLE DEBT, AFTER ALL.

From The Washington Post:
Democrats to seek higher limit on the federal debt

With the national debt projected to soar by nearly $1.4 trillion this year, congressional Democrats are planning a year-end push to dramatically increase the legal debt limit so they don't have to revisit the politically uncomfortable issue before facing voters in November.

House Speaker Nancy Pelosi (D-Calif.) said Thursday that she will include legislation to raise the debt ceiling in a must-pass defense spending bill headed to the House floor next week.
In other words, do it now so it won't affect the incumbents' chances in November, and attached to the must-pass Defense bill so that it makes it more difficult (if not impossible) for the more fiscally responsible members to vote against it (and thus be painted in the future as "not supporting the troops).

Here's an alternative radical plan, that I often employ when dealing with my own budgetary matters: when you don't have enough money to cover your expenses, spend less.

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