Friday, January 13, 2012

Obama Requests $1.2 Trillion More

By Douglas V. Gibbs

Barack Obama has sent in another request. He wants to borrow another trillion dollars. $1.2 trillion to be exact.

Obama has borrowed more than all previous presidents combined.

Obama has driven us to a point where our credit rating was downgraded.

Obama has sent billions of dollars into failed investments, and questionable green ventures.

Obama has sent federal dollars to corporations that have contributed to the democrat party.

And now he wants $1.2 trillion more.

Now he doesn't have to wait for Congress to approve a raise in the debt ceiling.  Last year the republicans worked out a deal with him that gives Obama free reign.  Increases in our debt can now only be stopped with resolutions passed by both the House and the Senate.  But if Obama vetoes it, they would then need 2/3 vote to override that veto.  In other words, the executive can spend at will, regardless of what the Congress thinks.

Sound in line with the original intent of the Founding Fathers?

Where has past trillions gone?

Solydra, Fisker, Russian steel mills, ACORN, GM, and the list goes on and on and on...

-- Political Pistachio Conservative News and Commentary


Obama asks Congress for Debt Limit Hike - Washington Post

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