I just wanted to take this opportunity to thank those Republicans, starting with Mitch McConnell and John Boehner, who recently felt compelled to once again screw the country by deciding to bend to the will of ‘Dingy Harry’ Reid and our ‘Dear Beloved Leader,’ Barack Hussein Obama. My daughter very much appreciates being presented with an opportunity to take on even more debt just so the Democrats can then, in turn, continue to provide to their parasitic constituents the near endless stream of ‘benefits’ that they receive in return for voting for those same Democrats.
The US Treasury wasted very little time as it quickly set to work feeding the country's appetite for borrowing after the 11th hour cave by gutless Republicans lifted the debt ceiling, an act that was claimed to have avoided, that which was never in any serious danger of occurring, the much talked about default. Treasury figures show the government went to the markets for an additional $300 Million almost as soon as the $16.7 trillion cap was removed with the signature of Barry "Almighty" early Thursday morning.
By the end of Thursday, the country's debt had already risen to a staggering $17.03 Trillion. Thanks Mitch, glad you got your $2 Billion piece of the pie! Anyway, at least part of the rise came with the resumption of the sale of state and local government series securities, which were suspended on May 17 after the $16.7 Trillion ceiling was set and the Treasury needed to juggle operations to remain beneath it for as long as possible. The US needs to borrow increasingly more to bridge a monthly deficit averaging an unbelievable $60 Billion.
There was much talk about the refusal by congressional Republicans to raise the ceiling without first gaining some political concessions from their Democratic rivals and the White House. But while they started strong, they faded pretty fast, until finally raising the white flag. It seems that talk of the Treasury being forced into the position of being cash short and defaulting on its obligations, including the debt, was just too much for them. Even though the government takes in roughly $230 Billion every single month, which is more than enough to keep us from default.
But we will once again be going through pretty much the same kind of thing next February 7. And as a conservative Republican I won’t be getting my hopes up as far as there being an outcome different to what I saw this time around. Oh, our side will undoubted start out by talking pretty tough, by it will all be for naught. Because it will end the same way that it always does, with sorry-assed excuses from our supposed leaders. I just wish that once, just once, they could find it within themselves to do what’s best for the country!
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