Yesterday we passed our Constitutional imposed debt limit of a paltry $12.1 trillion. A spokesman for the US Treasury said they have some mandate to float the debt within $150 billion of the limit in a crisis. This basically means that they can do whatever the hell they want, including making the country insolvent. Now President Obama is out with his usual scare tactics, saying that if we don’t pass the healthcare bill, the country will go bankrupt.
Does he really think this magic act is going to fly with the American public? Is he such an elitist that he thinks people in “flyover country” are this stupid? So let me get this straight. You and your buddies in Congress would like to enact a bill which will cost $1 trillion- that is in government dollars; in real human dollars that really equates to $5 trillion- and if we don’t pass the massive spending bill, the government will go bankrupt?
Since the entire legislative and executive branch of Congress is technically in violation of the Constitution, how about instead of passing this legislation, we all just sign a petition to impeach them all, and throw each and every one of them in jail.
Filed under: Congress, Elitism, Finance, Healthcare, Money, Obama, Politics | Tagged: 12 trillion, Bankrupt, Congress, debt, Healthcare, national debt, Obama
