The Debt Limit is a Cruel Joke On Us
So right now the Senate (and the House, which voted to approve) doesn't increase the dollar amount of the debt limit - all it does is suspend enforcement of it until February 7th, when the limits are supposed to go back into place and will have to be raised. What that does in the meantime is give Obama and the Democrats a blank check to accumulate as much new debt as they want until then.
Essentially what has happened is our lawmakers have gotten away with allowing the country to rack up more debt and avoid the threat of default without actually voting for debt limit increase.
We're in to 17 trillions of dollars in debt; what I'd like to know is, what are we going to do when we're in the hundreds of trillions of dollars? What's the number after that? What happens when we are so far into debt that we can't possibly repay in hundreds of years? Because at the rate we're going, our grandkids will be right in the middle of it. Have these spineless turds in Washington even thought about that? Do you think they even care?