Today's hypocrisy: GOP and the debt ceiling

Yep, no surprises there.

June 2002: Congress approves a $450 billion increase, raising the debt limit to $6.4 trillion. McConnell, Boehner, and Cantor vote “yea”, Kyl votes “nay.”

May 2003: Congress approves a $900 billion increase, raising the debt limit to $7.384 trillion. All four approve.

November 2004: Congress approves an $800 billion increase, raising the debt limit to $8.1 trillion. All four approve.

March 2006: Congress approves a $781 billion increase, raising the debt limit to $8.965 trillion. All four approve.

September 2007: Congress approves an $850 billion increase, raising the debt limit to $9.815 trillion. All four approve.

But when it’s Democrats, all of a sudden these guys are sooooo concerned about the deficit.

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One response to “Today's hypocrisy: GOP and the debt ceiling

  1. There is a difference between Republicans and conservatives.  It’s true that Republicans are hypocritical — they’re a political party with a political agenda, and they’re willing to borrow to fund that agenda.  Particularly when they consider that agenda to be one of economic growth that generates new sources of revenue.

    And I don’t see anything hypocritical in their disagreeing with the Democrats’ agenda of government growth and dependency.  I wouldn’t borrow money to subsidize that, either.  Conservatives didn’t agree with Republican borrowing, and we’re sure as hell opposed to what Democrats and liberals want to buy on credit.

    Also, we need to be realistic about the deficit.  The Democrats have been borrowing at four times the rate of the last Republican congress.  Republicans gave up control of the House and Senate with the national debt at about the same percentage of GDP as when Bill Clinton took office.  Under Obama, that percentage has swollen to World War II levels.

    I realize that we get desensitized as millions fade into billions, and billions then fade into trillions.  But this current spending spree is nothing short of alarming.  Much of the world relies on American currency.  And right now, government at all levels is gobbling up so much American output that anyone holding US dollars is rightfully concerned about whether they’ll ever see any return on that investment.

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