"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Tuesday, March 10, 2015

Mitch McConnell: Hey! Let’s raise the debt limit!

"Conservative" Government in Action

  • This is why I call myself a RINO.  The big government loving "Conservative" GOP has moved so far to the Left they have effectively morphed into the most radical of FDR New Dealers.
  • In fact, FDR would be in shock at how the GOP knee-jerks and automatically jacks up the spending on big government programs that were but a Leftist wet-dream in the 1930s.

(Washington Times)  -  Republicans will raise the government’s borrowing limit without threatening a default, Senate Majority Leader Mitch McConnell guaranteed Sunday, placating the markets but potentially surrendering the party’s leverage as Congress gears up for another debt showdown.

The current debt-ceiling holiday, to which Congress agreed a year ago, expires Sunday, starting the clock on debate and sending the Treasury Department scrambling to tap into its “extraordinary measures” to keep from breaching the limit.

Budget analysts say Treasury Secretary Jacob Lew has about seven months of spare room, meaning a deal would have to be reached by October or November.

Mr. McConnell, Kentucky Republican, said on the CBS program “Face the Nation” on Sunday that Republicans may try to attach some of their priorities to the debate but won’t force another shutdown showdown as it has in the past.

“I made it very clear after the November election that we’re certainly not going to shut down the government or default on the national debt. We will figure some way to handle that. And, hopefully, it might carry some other important legislation that we can agree on in connection with it,” he said.

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