Yesterday Carol Shea Porter and Nancy Pelosi’s House of Representatives voted to increase the United States Debt ceiling by $290 billion to $12.394 trillion. In effect, this action increases their credit card limit for wasteful government spending with the bill to be sent to the American taxpayer.
The United States cannot afford the extreme profligacy of the Democratic Congress which has exacerbated the irresponsible behavior of the Congress in past years. Both parties must work together to restore fiscal responsibility and sobriety to the management of our national finances. What we cannot afford is to balloon our national debt to such a significant level that the world loses faith in our willingness and ability to repay our obligations. If they do, the financial crisis of last September will look like a pleasant day in Prescott Park.