The Debt Ceiling Has One Purpose – Extortion

Even though Republican lawmakers, Fox News pundits and conservatives at large believe the debt ceiling puts a limit on federal spending, that doesn’t make it so. The debt ceiling (or limit) is a 1917 law (part of the Second Liberty Bond Act) that gave the executive branch power to take on debt without congressional approval. So it sounds like Mitch McConnell and other Republicans are right when they say President Obama wants to do away with the debt limit so that he has the free rein to spend all he wants, right? — Wrong! Only congress can authorize new spending. However, it is up to the Treasury Department to actually pay the bills, and Treasury is part of the executive branch. And when the federal government is running a deficit, that means some bills are paid by loan (government bonds).

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The Romney-Ryan Roadside Campaign Sign Problem

So I’m driving to work today along the same highway I use every day to get to work and I see the same two Romney-Ryan signs in the grassy area between northbound and southbound traffic. These signs have been there since well before election day, possibly placed in the ground only days after Ryan was named as Romney’s running mate.

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House Passes Fiscal Cliff Bill 257-167

The House of Representatives passed the Senate fiscal cliff bill by 90 votes, and it has not gone unnoticed by this liberal that both the Senate and the House votes happened in the new year. It means not a single Republican voted for a tax increase since all tax cuts expired at midnight before either of the votes. How convenient.

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