Unbeknownst to the majority of America, President Obama, using the tried-and-true Democratic tactic of meeting behind closed doors with no cameras present, signed into being a law that raises the National Debt ceiling from $12.394 trillion to $14.294 trillion. Yes, trillion with a “T”. Next up is Quadrillion.
This horrifically reckless event took place on Friday, February 12th. Nothing says Big Government like a President with a free pass to do such a thing. What do you mean you didn’t hear about it? Makes two of us.
Take heart, however, gentle Americans, because part of this new law is that the deficit, which can now officially go up to $14.294 Trillion under Obama and his Congress of fiscal responsibility-challenged despots, will be protected by a Pay-As-You-Go procedure that will not allow any non-emergency spending to add to this huge deficit. Whew! Dodged a bullet there, didn’t we? Thank goodness we won’t really need it!
Even though I am far from being an accountant, or remotely able to deftly handle financial tasks beyond balancing my checkbook, I can see nothing good can come from this. It seems as though it is somehow a badge of honor or accomplishment for our President to now have this new umbrella to work under. Apparently our President and Congress haven’t received the memo from the American people pleading for them to stop spending money our great grand-children don’t even have.