or more specifically, the debate on raising the debt ceiling. Recall when Obama was campaigning and it was a "failure of leadership" if the debt ceiling were to be raised, however now claiming that his political rhetoric was wrong at the time, and that its necessary to raise it now. Under Bush, nearly all, if not all of the GOP suported the raising of the debt ceiling, while nearly all, if not all the Dems opposed it. One would think it was for economic/rational reasons and repercussions, as the politicians saw it, to this country for thier choice in supporting or opposing
Spring forward to 2011, now nearly all, if not all the GOP oppose the raising of the debt ceiling, while nearly all, if not all support it. Hmmmm, the common demoninator appears to be who's in charge in the WH. Is that what the debt ceiling is all about? Is it merely political folly? Or are these decisions, based apparently on who's running things, have far more serious consequences to this country, but are merely political blustering.
How important is holding Government to its "Credit Card Limit"? I know when I went over as a teen and was late in my payments, my %rate was jacked up to nearly 30% over, and my limit was reduced. But thankfully, it only affected me personally. My lack of fiscal responsibility had no impact on the rest of the country
