Friday, February 5, 2010

House passes $1.9 trillion debt limit hike

I remember the heady days of my youth, when Reagan caused quite a stir by signing into law the first trillion dollar budget. Now we have a budget deficit nearly twice that much, and the national debt has nearly doubled over the past five years.

Do not sleep on this: debt is slavery. And this catastrophic debt load cannot possibly lead to anything other than the destruction of our currency. They know it. That's why they're doing it. Why are they doing it? Problem-reaction-solution. They create the problem, unbeknownst to you (although people are starting to figure out that the Fed is to blame for this). Then Americans freak out like the chicken littles that they are. Then they come back and say, here's the solution: give us more money and power. The destruction of our society and currency will lead to their final solution: one world government, and a cashless control grid. They've been planning this for decades. Get wise.

You'll notice that one of my soon-to-be-former home state's crooked representatives says that the best deficit reduction plan is full employment. That's because more people would be paying taxes - ie more slaves. Except the problem with unemployment today is it's directly related to the spending they want to continue, if only they could figure out a way to fund it. Never does it occur to the politician, even if he's not hip to the banksters' scam, to retract the size and scope of government - ever. And that's why things are not going to get better, my friends.

    UPI -

    A $1.9 trillion increase in the U.S. debt limit squeaked through the House of Representatives on a party-line vote Thursday.

    Democrats also passed a "pay-as-you-go" bill reinstating rules like those governing spending in the 1990s, Politico reported. That passed 233-187, while the increase in the debt limit, with 37 Democrats jumping ship, had a margin of five votes, 217-212.

    The record hike increased the debt ceiling to $14.294 trillion, CNN Money reported. It is expected to allow the Treasury Department to continue to borrow for the rest of the year, allowing Democrats to avoid another controversial vote before the November elections.

    Also Thursday, House Majority Leader Steny Hoyer, D-Md., said it is up to Republicans to decide whether they want to participate in a deficit-reduction commission. But Hoyer said President Obama will create a bipartisan commission with room for Republicans.

    The last Democratic president, Bill Clinton, participated in a conference call with congressional leaders to push "pay-as-you-go." But some Democrats, like Rep. Rob Andrews of New Jersey, noted Clinton had the benefit of an economic boom.

    "The best deficit-reduction plan is full employment," Andrews said.