Obama: I Need $1.2 Trillion More Next Week

President Obama formally notified Congress on Thursday of his intent to raise the nation’s debt ceiling by $1.2 trillion, two weeks after he had postponed the request to give lawmakers more time to consider the action.

Congress will have had 15 days to say no before the nation’s debt ceiling automatically is raised from $15.2 trillion to $16.4 trillion.

http://www.washingtonpost.com/blogs...bt-limit-hike/2012/01/12/gIQAA3ADuP_blog.html

 

When I first read this I thought "junkie."

 

Someone help me out here. Is this increase in our debt part of the "hope" or "change" BO promised his gullible sheeple?

 

bahh bahhh more stimulus bahhh

 

It is painfully obvious that our current President and majority Senators cannot or will not stop spending our money irresponsibly.

 

and that leads to erosion of the currencies reserve status... assuming there is another currency that looks better