The U.S. reached the $14.3 Trillion debt limit today and Treasury Secretary Tim Geithner is announcing the Obama administration will begin to tap federal retiree programs to help fund government operations.
Does anyone believe raising the debt limit will help curtail out of control excessive spending?
It doesn’t matter who is office, who did what in the past or what party did what, when has raising debt every brought spiraling debt down?
At best, raiding pensions will buy a couple months.
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