In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.
“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny Hoyer told POLITICO Wednesday. And the Maryland Democrat confirmed that the anticipated increase could be as high as $1.8 trillion — nearly twice what had been assumed in last spring’s budget resolution for the 2010 fiscal year.
The leadership is betting that it’s better for the party to take its lumps now rather than risk further votes over the coming year.
There you have it. As debt continues to build up, the government solution is more of the same. Rather than tightening the belt, cutting spending, and reducing debt, the Democrats in Congress are proposing more loose fiscal policy, more spending, and more debt.
This is nothing short of outrageous as there are two major things going on here.
First, already swimming in debt caused by unconstitutional spending and allocation, Congress is now faced with the fruits of its labor. Instead of facing this debt and reducing it, Congress will merely change the rules, allowing themselves to take on more debt and put off paying its bills. This is akin to paying off one credit card with another. The debt remains, the obligation remains, but the problem intensifies.
Second, proponents of this massive increase in debt allowance are being strategic in their timing. The want to make this unpopular move now in hopes that the voters will not remember when it comes time to cast their ballots Fall of next year. This is shameful, but it could be effective. Sadly, history shows that the electorate has a short attention span, a faulty memory, and a habit of misplaced blame.
May it not be so next November. Let's remember those at fault--regardless of party--and cast the scoundrels out of office. We cannot take on more debt, and we cannot afford the debt we already have. This will be our ruin just as it has been the ruin of all great powers. We cannot afford to allow this plan to pass and we cannot afford to forget these traitors to our republic when it comes time to vote. Let us remember and demand responsibility from those who betray the very constitution they swore to protect.