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Can You Raise My Allowance Again?

money_sec.jpgTreasury Secretary John Snow has asked that Congress raise the statutorily mandated debt ceiling. Again.

The last time Congress agreed to boost the debt limit was in November 2004 — from $7.38 trillion to the current $8.18 trillion. The government’s statutory borrowing authority was also pushed up in 2002 and 2003.

Snow’s letter did not say how much of a boost to the current debt limit the department would like to see this time.

Instead, Snow implored, "I am writing to request that Congress raise the statutory debt limit as soon as possible."

Remind me again — who holds both the Congress and the Executive branch? Oh, wait. It’s the Republicans.

Next time someone says the Democrats are the "tax and spend" party, I’m going to smack them silly. Fiscal responsibility runs both ways, and the Republicans in their the hell with the consequences frenzy have now earned themselves the moniker of the "just spend it" party.

UPDATE: Reader Samurai Sam comes up with "borrow and spend" as the new motto for the Republican party. I think I like that better than "just spend it." Anyone else have any good suggestions on this? I think they deserve a nickname befitting their profligate spending habits, and I’m open to more suggestions.

UPDATE #2: We have "borrow and squander Republicans" from readers Minnesotachuck and Scott. That just makes me chuckle. I’m going to use that on a couple of people I know.

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Christy Hardin Smith

Christy Hardin Smith

Christy is a "recovering" attorney, who earned her undergraduate degree at Smith College, in American Studies and Government, concentrating in American Foreign Policy. She then went on to graduate studies at the University of Pennsylvania in the field of political science and international relations/security studies, before attending law school at the College of Law at West Virginia University, where she was Associate Editor of the Law Review. Christy was a partner in her own firm for several years, where she practiced in a number of areas including criminal defense, child abuse and neglect representation, domestic law, civil litigation, and she was an attorney for a small municipality, before switching hats to become a state prosecutor. Christy has extensive trial experience, and has worked for years both in and out of the court system to improve the lives of at risk children.

Email: reddhedd AT firedoglake DOT com

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