When your debt piles up, you can do one of two things: start tackling that debt by spending less and paying off more than the monthly minimum. Or you can just ignore the problem by calling up your credit card company and getting them to up your credit limit from, say, $5000.00 to $8000.00 and keep spending like crazy.
Wanna bet which tactic Bush chose?
Yep, the Republican-controlled Senate voted to INCREASE the debt limit by $800 billion.
"The bill, if approved by the House in a vote expected on Thursday, would authorize the third big increase in the federal borrowing since President Bush took office in 2001. Federal debt has ballooned by $1.4 trillion over the past four years, to $7.4 trillion, and the new ceiling would allow borrowing to reach $8.2 trillion," wrote the New York Times.
"With no end in sight to the huge annual budget deficits, which hit a record of $412 billion this year, lawmakers predicted on Wednesday that the new ceiling would probably have to be raised again in about a year."
Remember, Republicans have controlled everything for four years now and have more power than ever. EVERYTHING is their fault now. Every increase in spending. Every terrorist attack. Every old person that dies from lack of a flu shot. The Democrats should be having a field day with all this.
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Bush Gets High Part I
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