Skip to comments."America's New Years Resolution: Fiscal Fitness"
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 ...