Excerpt from President Obama’s address yesterday on raising the debt limit:
“ It’s like this: I inherited this metaphorical credit card from George Bush when I came into office. Over his eight years in office, President Bush and the Republicans had already used up half of the credit limit on the card before I even came to office. Now, after my first four years in office, the nation’s credit limit has become maxed out. Republicans are whining that we need to cut back on spending and start paying down the card, but folks, there’s a better solution. It’s the same solution many of you have used yourselves. We just get another credit card! We just start charging the new card until it maxes out, and then we get another one! And so on and so on. Folks, it’s the same strategy millions of Americans have used in the past and are still using today- It’s the American way.”
©Obamabeans 01/17/2013