$17.075 TRILLION National Debt ... that is some deal!
On Friday, the Washington Times reported that, in celebration of their bully pulpit, the Democrat government scaled new heights in debt accumulation: “U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow moneyunder the deal President Obama and Congress sealed this week. The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.” All in one day, folks. The Washington Times tells us: “The $328 billion increase shattered the previous high of $238 billion set two years ago.” Democrats; always striving for improvement.
Democrats in Congress demanded a “clean bill.” Reid didn’t want any strings attached to the temporary funding he’d extorted. Republicans gave their Democrat masters exactly what they wanted. But they were shrewd; Republicans weren’t permitted to limit spending so they limited the amount of time the federal government could loot the rapidly dwindling larder instead. In short, there is no limit to how much debt the government can run up between now and February 7, 2014. Except then it all comes crashing down…again. And from the Republican’s current, surrender-monkey antics, the outcome will be fairly predictable.
The government is only supposed to be able to borrow more money through continuing resolution due to “emergency” need. The $328 billion debt is, however, rife with blatant cronyism; pet payoffs that don’t meet anyone’s definition of an “emergency.” FOX News provides details: “The stopgap bill to fund the government was only supposed to end the partial shutdown for a few months, no strings attached — right? Nope. Despite the bill being tiny by Washington standards — just 35 pages — lawmakers still managed to tuck in billions of dollars in additional spending.” Projects such as $2.9 billion for an Ohio River dam project originally approved in 1998…a pretty sluggish emergency. John McCain, ever eager to eat his own young, made chin music to the effect that this inclusion was “disgraceful” but was quick to theorize that legislators weren’t “aware” of it until very late. One supposes it could happen to anyone. Especially to Vichy Republicans, in the Senate.
Also included in the “emergency” loan money is a comparatively teensy death gratuity of $174,000 to the widow of Frank Lautenberg, late Senator from New Jersey. He died almost five months ago. It is something of a mystery how Mrs. Lautenberg has scraped along since then. Or how such a payment could be considered emergent; Frank Lautenberg wasone of the wealthiest Senators in Congress.
Democrats, past masters of debt escalation, are reveling, buzzing like flies around the midden they’ve created. They’d better enjoy it while they can. It is doubtful that steaming pile will withstand the backhoes of their creditors when they come to collect.