With approximately 4 million babies born in the US every year, this totals to $20 billion dollars given out. At age 18, they’ll be able to use the money accrued to buy a house or pay for college. What a great way to keep the socialistic behemoth our government has become fed. And what about the illegal immigrants with children born here?
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With the U.S. government fast approaching its current $8.965 trillion credit limit, the Senate on Thursday gave final congressional approval of an $850 billion increase in U.S. borrowing authority.
So 53 Senators thought it would be disastrous for the US Treasury to default, failed to see that they are doing nothing, but continually crippling this nation by raising the Credit/Debt limit of the United States.
Fifty-three Senators, obviously, thought nothing of putting you and I, the taxpayer, on the hook for another $300 or so BILLION dollars, so that they can continue the worthless bureaucracies and social programs that continue to hinder the American people.
Thankfully, Senator Tom Coburn (OK) had some sense about him and urged spending cuts.
“Families across America don’t have the luxury of loaning themselves any money when they’ve maxed out their credit. But that’s what we’re going to do,” Coburn said.
North Carolinians need to thank Senator Burr and Senator Dole for voting Nay on raising the debt limit.
“Increasing the debt limit is necessary to preserve the full faith and credit of the United States of America,” said Iowa Sen. Charles Grassley, the senior Republican on the Finance panel.
Someone should send Mr. Grassley a copy of G. Edward Griffin’s; Creature From Jekyll Island . Maybe he’ll understand the complete picture…or maybe he does already.
The nations debt stood at $5.6 trillion at the start of George W. Bush’s presidency. Now it’s coming close to being DOUBLED in 7 years.
There’s something rotten in the state of Denmark, to quote Shakespeare’s Hamlet.
PS – The Senators that are running for President didn’t seem to think this was an important issue to vote on. Remember that when voting next year…
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