There was never any doubt that the pResident would sign the legislation removing the debt ceiling. Notice the title of the article below from “The Hill”: Obama signs clean debt hike.
Let’s be absolutely clear: this was not a “hike” as the media is portraying it. This is a capitulation of any fiscal restraint by our elected representatives. There are only three possibilities:
1. They are incompetent.
2. They know the economy can no longer be fixed.
3. Both 1 and 2
I believe that the looters as defined by Ayn Rand are in their end game.
David DeGerolamo
Obama signs clean debt hike
President Obama on Saturday signed into law the bill raising the nation’s debt ceiling.
Obama signed the bill in California, where he is staying for the weekend before a trip to Mexico next week. A White House aide told CBS News that the bills were flown to Palm Springs, Calif. for Obama to sign.
The debt bill approved by Congress this week suspends the debt ceiling until March 15, 2015. Surplus spending between now and then will be added to the nation’s $17.2 trillion debt.
Hundreds of billions of dollars in spending are likely to be added in the next year.
