Feb 12, 2010

President Obama Signs Law Increasing The Federal Debt Limit To 14.3 Trillion Dollars

In case you missed it, today is a historical day in the history of this great nation. Yes that is right folks. You are probably thinking to yourself that today has just been like any other day. But the historical significance of this day won't be published on the front page of every newspaper in America. Nor will you won't find it as the lead story on your local television news broadcast.

Why is today so significant?

Today is the day that President Obama signed legislation increasing the nation's debt limit by $1.9 trillion dollars. According to various sources there was no planned ceremony for the signing. In fact President Obama signed the legislation behind closed doors and with no cameras present. That's all. Just another day in Washington D.C.

Congressional Democrats rammed the legislation through Congress last week. Now signed by the President, the bill raises the total amount the federal government can borrow from $12.394 trillion to $14.3 trillion. The justification for raising the debt limit given by Democratic Party leaders in both the House and Senate was so the government could function the rest of the year.

What ever happened to cutting spending? Instead they chose to borrow more money. These are the choices that our elected leaders in Washington are making for us. Incredible!!!

O.K! Today's historical event is not Washington crossing the Delaware River. But to many Americans concerned about the fiscal health of our country, today is just as critical to our future. Today is the day that should ingrained into the minds of everyone concerned about out of control spending in by our federal government.

Seriously folks how long can we afford to put up with this madness?

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