Mired in controversy and scandal from every direction, Barack Obama will soon face another battle as the debt ceiling debate resurfaces next year. While he has relied on a congressional blank check thus far in his presidency, the most recent budget negotiation resulted in a government shutdown with much of the blame accurately aimed at the White House.
In response, Obama has called for an end to the entire concept of a debt ceiling. As usual, when this imperial leader encounters an obstacle, he demands it be removed rather than find a way to absorb the setback.
Calling the ceiling a “loaded gun,” Obama said the nation is “probably better off with a system in which that threat is not there on a perpetual basis.”
During an address to the Wall Street Journal CEO Council this week, Obama touted his economic record, though a cursory review of his policies over the past five years calls his self-congratulation into question. Despite claiming to have cut deficits, it is obvious this administration has a serious spending problem. Removing the debt ceiling, as arbitrary as it is, would only give a leftist regime more latitude in driving the nation further into crippling debt.
Short of fully removing the limit, a move favored recently by the Organization for Economic Cooperation and Development, Washington, D.C. has floated several other possible fixes to the recurring issue.
Whether by minting an unprecedented $1 trillion coin to offset the debt or any number of other outlandish ideas, leftists are dedicated to finding a way to unilaterally spend more nonexistent money.
Establishment Republicans have not been much better. Senate Minority Leader Mitch McConnell has proposed giving Obama the power to raise the debt ceiling instead of allowing that decision to originate in Congress.
As it stands, the debt ceiling is one of a decreasing number of tools at conservatives’ disposal. Naturally, Obama sees this – as well as any threats to his agenda – as an impediment that must be destroyed.
–B. Christopher Agee
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