Worth Discussing

The left faces a political buzz saw on the debt ceiling

Luke Frans | The Daily Caller | May 11, 2011
Assets

In his remarks to the Economic Club of New York this week, Speaker John Boehner echoed strong voter sentiment in calling for real spending cuts and budgetary reforms to accompany any debt limit increase.

The national electorate is increasingly concerned about the economy, job growth, and the mounting federal debt, and as result, voters no longer view an increase in the debt limit as an inconsequential, procedural vote.

Yet President Barack Obama and many Congressional Democrats still favor increasing the nation’s credit card without changing behavior, a routine followed 75 times in the past 50 years. While palatable in the past, their solution runs into a buzz saw of voter opposition today.

Read More

Filed under: Free Market Economy, Spending And Debt, News, and Debt Ceiling