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.

Soviet Premiere Nikita Khrushchev made an historic speech at the United Nations at the height of the Cold War in which he said to the United States, “We will bury you!” The United States Congress has demonstrated by their gutless and unprincipled actions in the debt limit debate that they intend to economically “bury” all of our children and grandchildren.

 

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