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Divided GOP Crumbling On Latest Debt Ceiling Debate




We all know how this story is going to end …

“Republicans” in Washington, D.C. say they are serious about reining in deficit spending, but when the opportunity to do so arises they do absolutely nothing to stop it. And so each year hundreds of billions of additional dollars get added to a pile of IOUs now standing at $17.3 trillion.

Or $150,309 for every U.S. taxpayer …

Last October – when the federal government hit its most recently “debt ceiling” – a few hundred billion more got added to the pile with no concessions. Before that – in August 2011 – Congress raised the debt ceiling by $2.4 trillion (which the government blew through in only 17 months) in exchange for $2.1 trillion in cuts over a ten-year period.

Yeah … how is that math sustainable?

Two-and-a-half years later, though, only $42 billion has been “cut.” Not the hundred of billions promised …

Amazing …

So let’s all predict how the latest battle over the debt ceiling will end, shall we?

U.S. Treasury Secretary Jack Lew has said the debt ceiling must be raised by the end of the month – or else. President Barack Obama – who once lectured a Republican president on the dangers of deficit spending – is demanding a “no strings attached” increase. “Republican” leaders are totally directionless, divided and devoid of alternatives.

Some want a debt hike tied to approval of the Keystone XL pipeline, others want it linked to the lifting of an Obamacare mandate, still others want no concessions at all.

Sound familiar?

The end result of all this GOP division will be one of two things: 1) Either a massive expansion of deficit spending with absolutely no concessions to the taxpayer, or, 2) a massive expansion of deficit spending with concessions that are ignored at the earliest possible convenience.

Because that’s how the party of “limited government” rolls …

Quick, someone remind us: What was the point of electing “Republicans” to Congress again?

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