Obama has been running annual deficits of $1002 Billion each of the past four years. His plan to get us out of that fiscal hole? Raise $160 Billion in new taxes and spend an additional $50 Billion. Leaving us with $892 Billion of new debt is not a plan, it’s incompetency!
It's not incompetency. It is being done on purpose to destroy our financial system and ultimately our form of government.
One option may be to schedule more frequent votes on raising the debt limit, say every 3 to 6 months.
If the magic, agreed to spending cuts have not occured in each period, then no debt limit increase.
It’s about the only leverage the GOP house has...