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"America's New Years Resolution: Fiscal Fitness"
The Aspen Times ^ | January 5, 2012 | Melanie Sturm

Posted on 01/05/2012 1:44:44 PM PST by Aspenhuskerette

Politicians are like New Year's revelers whose resolutions to get fit are as habitual as their unhealthy lifestyles. The most undisciplined merrymaker continually ups the weight-loss ante —10 pounds last year, 20 pounds this year — just as undisciplined politicians alleging fiscal prudence have upped their borrowing limit 4,967 percent since 1962, 67 percent since 2009.

If you thought politicians were pummeled into fiscal restraint after last summer's debt-ceiling debacle, which led to America's credit downgrade by S&P, Think Again. In fact, 2011 ended with debt reaching the new limit of $15.22 trillion compelling Treasury to request another $1.2 trillion debt ceiling increase. This time the increase will happen easily because new rules require both House and Senate disapproval to block it — not likely.

(Excerpt) Read more at aspentimes.com ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: debtceiling; economicfreedom; spending
Comments?
1 posted on 01/05/2012 1:44:54 PM PST by Aspenhuskerette
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To: Aspenhuskerette
Wait a minute! Fiscal restraint is a Tea Party concept and has been labeled by the MSM and Democrats and extremism and racist!
2 posted on 01/05/2012 2:06:36 PM PST by avacado
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To: Aspenhuskerette
Wait a minute! Fiscal restraint is a Tea Party concept and has been labeled by the MSM and Democrats as extremism and racist!
3 posted on 01/05/2012 2:07:34 PM PST by avacado
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