Thursday, January 26, 2012

Raising the Roof

Today the senate struck down a resolution which would have denied President Obama the remaining 1.2 trillion dollars he requested be added to the debit ceiling along side the already accepted 900 billion. This was a purely symbolic move however. Regardless of the out come of the vote the GOP lacked the 2/3 majority to override President Obama’s inevitable veto. Even so one has to wonder outside of those who registered legitimate objections to raising the debit ceiling, such as senator Coburn, how many of the republicans simply did this in order to appeal to their base. Every one suffered during the political gridlock of last year especially because of the loss of our AAA credit rating. Thus raising the debit ceiling seems like a prudent course of action. Even so those who point toward or massive debit are correct and a solution must be found.

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