By raising the debt limit the U.S. temporarily prevents the government from debt default, but it does not improve the national solvency; rather the heavier debt burden on the government will cause the U.S. sovereign debt crisis to deepen further,
Obama has no default covered until his election time.We gave him more money to give to his unions and fat cats and maybe some more money for Pelosi’s vineyard farm or more Chinese hookers or field mice.
http://www.heritage.org/research/reports/2009/10/50-examples-of-government-waste
And then TheWon has he utter audacity to say this and insinuate the dem talking point that the wealthy are not taxed enough spreading class warfare.
http://www.cnsnews.com/news/article/obama-next-debt-limit-deal-must-include