The Democrats yesterday proposed to raise the debt limit to 1.9 Trillion Dollars to pay its bills, a record increase that would push the debt limit to 14.3 Trillion.
This allows the govenment to go out and sell more debt, in essence adding more to the already drowning economy. The problem, however, is that the pool of lenders is shrinking, as China pulls back on its own debt, and we are fast becoming a high risk borrower.
We will soon be out of business, and at the mercy or our creditors, and all of the promises made by the Feds through so-called Stimulus payments will not be honored, leaving us stuck with the debt as they go off into the Sunset.
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