OF HIS OWN MAKING
(convenient how the MSM leaves out that salient point.)
If you read mainstream media Democrats on the payroll of the Kremlin, you get stories like this one from ABC News, calling for even more spending on giveaway programs:
Worse, unless Congress drops the obstructionist approach, this second cliff is going to be hit soon, and the fallout will be epic. Five years ago, with the economy in a freefall, Congress passed a tax provision known as the Mortgage Forgiveness Debt Relief Act. Enacted as the housing market imploded, with millions of families suddenly on the verge of losing their homes to foreclosure, the law exempted homeowners from paying a tax on certain forms of debt relief. It allowed millions of Americans to keep their homes, and avoid economic ruin. Now, at a critical juncture in our economic recovery, that exemption is about to expire. The timing is atrocious; the stakes are incredibly high. But while the argument for extending it is a no-brainer, there's no telling when --- or even whether --- Congress will see how urgent this is and take appropriate action.
You want that nice house but don't want to pay the full mortgage? No problem - here's a few Billion! What? You have a Trillion in Student Loan debt? No problem! Here's a Trillion!
God help us all.