Archive for August 6th, 2011

August 6, 2011

Debt Limit Increase Met Herrera Beutler’s Three Criteria

by lewwaters

Jaime voted for increasing the debt limit, along with several other Democrats and Republicans, against the wishes of the Tea Party. She said it “wasn’t an easy vote for me.”

Okay, but it seems to me she voted for the other proposals Boehner put forth that also raised the debt limit.

Listening to her explanation above, I can understand the first two criteria she outlines. But, for the life of me, I don’t understand how raising the debt puts a down payment on our staggering debt or how overspending is addressed by more increased spending.

I have never been able to balance my checkbook like that.

If the Chinese can get it, why can’t our congress?

“The only way the Americans have come up with to improve economic growth has been to take on new loans to repay the old ones. To eat May’s grain in April, however, will never be a permanent solution to a problem,” the official Xinhua news agency said.