Or do we wait till they pass Health Care?
Within the next few weeks, probably as soon as the votes on health care reform have been taken, the Senate faces the painful duty of once again raising the statutory limit on the national debt, as the House already has done.
It is never fun for the party in power, but this year will be harder on the Democrats than ever.
The final accounting on the just-ended fiscal year showed a record deficit of $1.4 trillion, a gap that is the largest since the end of World War II when measured against the size of the overall economy.
The Republicans are poised to pounce. Senate Republican leader Mitch McConnell accused the Democrats of "acting like a teenager on a spending spree with his parent's credit card with no regard to who pays the bill."
Asked by Anonymous at 9:11 AM on Oct. 26, 2009 in Politics & Current Events
Over the past year, including in a pre-inaugural interview with The Washington Post, President Barack Obama has repeatedly promised to attack the deficit problem, after economic recovery is secured, and not "kick this can down the road" to his successor.
Failed Promise from Obama?
Answer by Anonymous at 9:12 AM on Oct. 26, 2009
Answer by Anonymous at 9:13 AM on Oct. 26, 2009
Answer by rkoloms at 9:54 AM on Oct. 26, 2009
Answer by mancosmomma at 9:59 AM on Oct. 26, 2009
Its hard for them to follow Manco. The ONLY defense to the current presidents stupidity is to try and find someone more stupid. How that helps the HERE and NOW is beyond me. Especially since, like you say, he has out spent Bush MAJORLY. Its their problem now. MOST people are getting tired of the current admin blaming the last president and pouting "thats not fair" like a 7 yr old. Even his buddy buddies in Hollywood are starting to take stabs at him for it. The CURRENT deficit is THEIR problem because he beg, borrowed and stole for it....he wanted it, he GOT it...now HE needs to quit b*tchin and DO something BESIDES spend money "like a teen with his parents credit card.
Answer by momof030404 at 10:04 AM on Oct. 26, 2009
Yes, the national debt belongs to the Democrats. People complained about Bush's spending; but since the Democrats now have all the power they are spending at an astounding rate. Enormous spending bills keep sprouting and growing in Congress. It's terrifying.
Answer by mancosmomma at 10:21 AM on Oct. 26, 2009
Answer by May-20 at 10:37 AM on Oct. 26, 2009
Answer by Anonymous at 10:39 AM on Oct. 26, 2009
Answer by beckcorc at 10:40 AM on Oct. 26, 2009
Answer by older at 10:42 AM on Oct. 26, 2009