Who says that Congress can’t get anything done? Say what you like about partisan gridlock, filibusters, obstruction on health care reform or disputes over military strategy, there’s one thing that the folks on the Hill are good at… spending your money.
Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash
In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.
“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told POLITICO Wednesday. And the Maryland Democrat confirmed that the anticipated increase could be as high as $1.8 trillion — nearly twice what had been assumed in last spring’s budget resolution for the 2010 fiscal year.
I’m sorry, but did you really just say “bold but risky?” I’d like to write more on this subject, but I woke up today greeted by that headline and decided to just go the hell back to bed.