If We Don’t Raise the Debt Ceiling, Will the Apocalypse Really Occur?
RUSH: “On Feb. 4, 2010, when the House of Representatives voted to increase the legal limit on the national debt by another $1.9 trillion (lifting the limit from $12.394 trillion to $14.294 trillion), not one Republican voted for the increase.”
It’s amazing how this tracks. It’s like I just said: If you go back to 2006, not one Democrat voted to raise the debt limit in 2006. Republicans ran the show then. One year ago, not one Republican voted to raise the debt ceiling when they didn’t run the show, of course. Just a year ago, one year, the debt ceiling has gone up by $2 trillion. Now, “Then-Minority Whip Eric Cantor (R.-Va.) rose on the House floor that day and declared that it was ‘beyond comprehension’ and ‘a travesty’ to talk about raising the legal debt limit to $14.294 trillion.
“Last week, the Republican House leadership agreed to a deal with President Barack Obama and Senate Majority Leader Harry Reid (D.-Nev.) to spend $3.7555 trillion in this fiscal year — even though at the close of business Friday, as the deal was being struck, the Treasury reported that it could borrow only an additional $80.85 billion before hitting the $14.294-trillion debt limit Congress set last year.” So the debt ceiling increase of last year, we’re bumping up agin’ it now — against it. We need to raise it again.
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