HOPEY-CHANGEY!!
The debt limit was supposed to last until after the 2012 elections.
When the FED started buying securities to prop up the stock markets, I knew it wouldn’t last long.
It didn’t.
That was quick, wasn’t it? And the borrowing is only gonna accelerate from here.
Our politicians have decided that Americans can’t be allowed to feel any pain whatsoever. Whenever someone proposes to cut (or not extend) any kind of benefit, the gallery of sobbing victims comes out for display. Of course, when the money tree is barren, its hurt like a real SOB.