A favorite saying of mine: When you find yourself in a hole, stop digging!
Apparently this is not a concept that congress is familiar with. They’ve just scooped out another big shovel full this week by raising the debt limit that they had previously imposed upon themselves.
When the Democrats came fully into power and the Obama spending spree began in earnest, Congress sugarcoated the pill that our children and grandchildren will have to swallow with a self-imposed debt cap as if to say “see, we’re responsible and can set limits for ourselves.” The trouble is that rules, for Congress anyway, were made to be broken or, in this case, changed if they’re inconvenient. (cute editorial cartoon here)
Now that Congress has a foot in the “stimulus” door they will continue to nudge the opening wider and wider.