Quote:
Originally Posted by MarchHare
No, there isn't a huge political hubbub every time. Raising the debt ceiling was formerly one of the most routine things Congress would pass regardless of which side was in power. That all changed in 2011 when a bunch of Tea Party morons decided to hold the US economy hostage because they hate Obama more than they love their country.
Something else that many people don't realize: raising the debt ceiling isn't the same as authorizing new spending; it's only allowing the federal government to pay the bills that have already been approved by Congress.
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Exactly. Under Bush the Republicans raised the debt ceiling 17 fricking times without raising a fuss about it because they were in power. It's just obstructionist GOP politics at this point.