The president says the reason they must raise it is to pay for the last debt limit they have already exceeded.
The same theme, Tax and spend. The president and the democrats want to raise taxes on the “rich”, raise the limit on the debt to as he says have funds for money government has already spend that they did not have and still spend trillions more on top of that.
As John Boehner stated “ The bigger the government the smaller the people.” The president is essentially saying he will make no cuts without the being given more of the people's money and if he does not get what he wants social security checks will not go out. This is a ridiculous demand combined with a blatant lie. None of these are actual cut but proposals to spend less in the future, “spending cuts”. In other word they are cuts in increased spending and will only increase our debt.
The economy will only rebound when we are left with more of our money to spend as we see fit which will keep the government from having it to waste. This is shaping up to be a real stand and an excellent example of just how government is meant to function. A future truly decided by the electorate rather than the impotent compromises that have left us limping in circles.
May we have a return government of the people, by the people, for the people. The current government has developed into deceitful bunch of professional politicians whose life's blood is the free flow of citizens money.