No my friend, its not.
This is the most fiscally irresponsible, the greatest act of economic negligence and the greatest deficiency in foresight by our “leaders”, the most corrupt SOB’s in the history of America.
Its about bankruptcy.
Think about it. We are in a recession which has little hope of improving. We have a leader who is reading from a Post America World, a nation that is going through de-industrialization, and suffers depression era unemployment. The housing market has collapsed with no bottom yet, commercial real estate is going through the same////// need I say more? and oh- A president collapsing the private sector while taking over ~over 70 percent of the economy. GM/Chrysler? Union favors for votes. Transferal of wealth from shareholders/debt holders to the unions...scammy corrupt practice, but its about votes.
And then you have a stupid populace who is allowing this crap to go on.
Your grand children’s grandchildren will end up in debt indenture....having to pay for today’s indiscretions.
Its absolutely reprehensible and beyond reason and common sense.
Well beyond anything in the past and way over the top!
Unfortunately, the “progressive’s” indiscretions go back to Woodrow Wilson, vastly accelerated by FDR, LBJ and now BHO. The Republic was doomed when FDR began his vote-buying using the public treasury and that pattern continued unabated for 80 years.
Could the American people, by a majority, say “we default on your debt (the Federal Government) and refuse to pay?”. Then it wouldn’t matter whether or not these congressman or the president mandate this debt, because we shouldn’t be held responsible for their theft from us.