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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: sm1th who wrote (54012)	10/1/2013 8:40:22 AM
From: Brumar89	1 Recommendation Recommended By TimF Respond to of 85487

. The Congressional Research Service reports that the 111th Congress–the same one that enacted ObamaCare–raised the debt limit three times: by $789 billion to $12.104 trillion in February 2009, by $290 billion to $12.394 trillion in December 2009, and by $1.9 trillion to $14.294 trillion in February 2010.Obama and the Democrats, who then controlled Congress, could have avoided the current difficulty by enacting legislation in 2009 or 2010 raising the limit to, say, $20 trillion–or abolishing it altogether, or suspending it until 2017. (A suspension of fixed duration, 3½ months, was in fact enacted this past February.) ..... Obama had not yet been re-elected, so that a blank check from congressional Democrats might have been cashed by a Republican president. ..... Instapundit Obama is now facing a debt limit deadline now because Democrats wanted to preserve that as a weapon against a Republican President if Obama had lost.