Did You Know...

   

Jay Carney sums up the problem

Share
By Doug Powers  •  January 13, 2013 11:34 AM

**Written by Doug Powers

Many Democrats have been urging President Obama to bypass Congress and take action to unilaterally raise the debt ceiling. Yesterday, while rejecting that suggestion (farewell, trillion dollar coin), Jay Carney summed up the reason we’re buried under an ever-expanding mountain of debt:

“There are only two options to deal with the debt limit: Congress can pay its bills, or it can fail to act and put the nation into default,” White House press secretary Jay Carney said in a statement. “Congress needs to do its job.”

“Pay its bills”? Only in DC can raising the debt ceiling to over $18 trillion (and beyond) to accommodate a refusal to rein in an insane level of deficit spending be considered “paying the bills.”

Here’s a projection of each American’s share of publicly held debt thanks to that definition of “paying the bills”:

null

Related Sunday entertainment: Lou Rawls’ Charge Card Blues.

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus
~ For the latest breaking news, be sure to join Michelle's Email List:

Number of people saying ‘do not panic’ about Ebola might be about to drop

October 23, 2014 09:06 PM by Doug Powers

ebolaczar

Ebola in New York City

Shocker! Somehow a voting machine in Cook County, Illinois knows just what to do

October 22, 2014 09:21 PM by Doug Powers

nakedgun

Nothing to see here

Obama question dodge of the day: Sen. Jeanne Shaheen twists self into pretzel

October 22, 2014 07:56 AM by Doug Powers

shaheen

Running out the clock

Obama pulls fleeing Dems back in again: ‘These are all folks who vote with me’

October 21, 2014 09:49 AM by Doug Powers

pacino1

“Just when I thought I was out…”


Categories: 2014 Campaign, Barack Obama, Democrats

Follow me on Twitter Follow me on Facebook