It is no wonder we are so deep in dept. The mind-set of those that voted in the current Congress is that controlling the national debt would cause our country to default on it’s debt.
From the liberal-extremist blog, DailyKOS (I have to source that rag because they didn’t bother to tell us from whom they sourced this material:
“Seven members of the Senate Budget Committee threatened during a Tuesday hearing to withhold their support for critical legislation to raise the debt ceiling if the bill calling for the creation of a bipartisan fiscal reform commission were not attached.”
The DailyKOS goes on to comment that these fiscally-minded Senators are going to collapse the economy by being budget-hawks:
“Let’s see these five Democratic Senators explain to the entire nation why they allowed the country to default on its debt. No matter how safe their seats appear to be, no Senator is going to win reelection after making the entire country default on its debt Their rationale does not matter. Being blamed for making the country default on its debt-especially after all five of these Democrats voted in favor of the Wall Street bailout and are demanding that Social Security and Medicare be cut-will be the effective end of their political careers.”
Refusing the lower the debt ceiling does not automatically put our country into default. What it does is force Congress to cut spending to match the income it has coming in or they will go into default. I would say that these Senators are finally putting limits on spending that should have been in-place for a very long time. I would love to see Congress forced to cut programs to match what they take in. I have to do that.. every single day.Wake up Right! Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!