Dick Fetzer: A halt to spending is essential
10/15/2013 8:28 PM
10/15/2013 8:32 PM
In 2006, Sen. Obama called President Bush irresponsible and unpatriotic for requesting a increase in the national debt over $9 trillion. Today the national debt is $17 trillion, almost $7 trillion added under the Obama administration. So the Democrats are seeking to raise the debt ceiling again.
Where else can one ask for more money after wasting a trillion dollars or more by pushing green energy and using crony capitalism to save corporations that should have gone broke. Remember Solyndra, Evergreen Solar, Beacon Power, Ener1 and Abound Solar? They all filed for bankruptcy. Then there was the bailout of General Motors and Chrysler, and the financial giants Goldman Sachs, Citicorp, and Morgan-Stanley who took million-dollar bonuses for their top salaried group. Obama said this was “shameful” but did nothing to stop it.
If a business corporation has a hard limit on spending they reduce staff, eliminate travel, reduce pensions, cut back on conferences, eliminate losing operations and streamline operations that overlap.
For this administration and group in Congress, don’t increase the credit card limit, just stop some of the spending!