The Circular Financial Firing Squad Encore!
I wrote the following and
posted it on this blog in January of this year: “In February of 2010 the
circular financial firing squad known as congress approved a $1.9 trillion
increase in federal credit card spending. This raised the federal debt spending
limit from an already astronomically high $12.4 trillion to a new galactic high
of $14.3 trillion. Guess what? In just over a year they have exceeded the new
federal credit card limit and will have to vote to raise it again. Think about
it. Nearly two trillion dollars of new federal debt strapped like a financial
suicide time bomb on to each and every one of our kids and grandkids! For some historical prospective
on the financial insanity of congress consider the following facts: In January
of 2000 the national credit card spending limit was $5.9 trillion; in January
2005 it was $8.1 trillion; in January of 2010 it was 12.4 trillion; and now it
has exceeded $14 trillion. Wake up America! Let congress
know in no uncertain terms that the only acceptable answer to raising the
federal debt ceiling is “NO”! “ Congress gave us the $2.4
trillion finger this past week, raising the new debt limit to $16.8 trillion
and continuing their headlong rush to economic Armageddon.


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