The vast majority of Americans (more than 70 percent in most polls) perceive overspending as the root cause of our financial troubles. Yet President Obama is pushing for executive control of raising the debt ceiling when he pleases without the approval of Congress unless both the Senate and House vote over two-thirds each against it.
It boggles the mind that he was even a serious contender for president, let alone re-elected.
Sen. Charles Schumer, D-N.Y., during an interview on Fox News, defended the president’s grab for additional power by indicating it was appropriate because the need for increasing the debt ceiling is based on money the government has already spent.
Thus, if the president and the senator had their way, Congress would have no incentive at all to limit spending because it could rely on pretty much automatic debt ceiling increases to cover its extravagances with little or no consequences.
During the campaign, Obama didn’t seem to know exactly how much federal debt had been accumulated to date and sloughed the issue off saying, “It isn’t really a problem.”
I’m not making this up!
Where is the mainstream media on these events? This brings the media appraisal by the humanist and futurist, Barbara Marx Hubbard: “The mainstream media is like an infant’s nervous system – it communicates pain and hunger and then puts us to sleep.”