Obama has claimed on multiple occasions in the past few days that the government (partial) shutdown has been a huge drag on the economy.
I have a huge issue with that. Shutting down from 13-17% of government is not a drag on the economy, it is a drag on the government.
Where we differ is that Obama seems to believe that the government is the economy. If Obama’s government continues to devour the private sector, he may eventually be correct.
Think about it, since the melt-down in 2008, our government has taken over our auto, banking, energy, and health industries, and have been issuing hundreds of thousands of “common sense” regulations every where else.
What is left to take over? Student loans? Sorry, they already did that under Obamacare.
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
Weird, isn’t it? We actually exceeded the debt ceiling about five months ago
We’re just asking our kids and grand-kids to pick up the tab, if we ever actually allow our economy to work again. If not, then we are all screwed.