Thursday, March 12, 2009

They Raised the Debt Ceiling Again!

I find it interesting that in all that we heard about HR 1, the American Recovery and Reinvestment Act of 2009 (the stimulus bill), we never heard the media telling us about the provision that raised our US Debt Ceiling, this time to $12,104,000,000,000.00.

HR 1; Subtitle G - Other Provisions; Section 1604 - Increased the public debt limit to $12.104T.

Must be nice to be able to merely vote to increase the value of your available credit limit whenever you like. As ordinary citizens, we don't have that opportunity and can't spend more than what is available in our personal bank accounts. If we start spending money we don't have, a lawman picks us up and throws us in the pokey ... but if Congress wants to spend more money than they're taking in, they just throw a provision in whatever bill is currently being considered to raise the debt ceiling and wallah ... they can spend even more of taxpayer's money on every whim of fancy they can dream up!

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