Debt Ceiling

Lets take a little look at this graph representing the cost per capita or person for the past three administrations. Clearly you can see the Bush Administration's spending increased tremendously compared to the Clinton Era. But then you look at the Obama administration and YES. The spending has actually declined.

January 7th, Rep. Boehner was furious when the president told him "We don't have a spending problem". Boehner replied, "Mr. President, we have a very serious spending problem". The Republican party is insistent in making sure that all citizens understand that the President has a serious problem in controlling spending by the Government. But once again the facts land the Democrats a victory in this battle.

 The house voted on the action of raising the debt ceiling this past week. This action has been taken about 90 times since the 1930s and is something that passes through Congress at least once every two years. The new debt ceiling will not last a year, not even half a year. Congress feels the President has such a spending problem that they need to raise the ceiling constantly, every few months. The new  ceiling will last only untill May of 2013.