Wednesday, December 16, 2009
SPEND, SPEND, SPEND!
CBS News - U.S. National Debt Tops Debt Limit
Reuters - House Dems plan short-term debt-limit hike
WASHINGTON, Dec 15 (Reuters) - The House of Representatives will vote on a short-term boost to the U.S. debt limit this week TO AVOID A GOVERNMENT DEFAULT and give lawmakers more time to try to cut the record federal deficit, House Democratic leader Steny Hoyer said on Tuesday.
READ - US GOVERNMENT ON VERGE OF DEFAULT ON IT’S DEBT
Scare Tactics
ABC News - President Obama: Federal Government ‘Will Go Bankrupt’ if Health Care Costs Are Not Reigned In
‘If we don’t pass it, here’s the guarantee….your premiums will go up, your employers are going to load up more costs on you,’ he said. ‘Potentially they’re going to drop your coverage, because they just can’t afford an increase of 25 percent, 30 percent in terms of the costs of providing health care to employees each and every year.’
‘Eventually You Run Out Of Other People’s Money’ - Thatcher
The president said that the costs of Medicare and Medicaid are on an ‘unsustainable’ trajectory and if there is no action taken to bring them down, ‘the federal government will go bankrupt.’
Mr. President, you are a fool! It is not health care that is the problem it is the insatiable appetite of the Democrat Party to SPEND! The bill is coming due and you can’t pay it. Now, today the United States Of America may not be able to pay their debt. It’s directly your fault. Actually it IS your fault!
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