GOP Establishment Yellowskins lets taxpayers get screwed and gave Obama a blank check to spend WITHOUT LIMIT until February in Debt Ceiling Deal

GOP Establishment Yellowskins lets taxpayers get screwed and gave Obama a blank check to spend WITHOUT LIMIT until February in Debt Ceiling Deal

The Tea Party, who are demonized by the likes of Sen. John McCain and Rep. Peter King, are the politicians in Washington trying to put a stop to this out of control spending and return fiscal sanity to D.C.

That’s why the corrupt machinery in Washington calls them crazy!Obama, the Democrats and the GOP establishment are addicted to spending so they can buy off people.

Daily Mail reports it’s the ultimate sweetheart deal for a free-spending federal government: Wednesday night’s debt deal didn’t actually raise the limit on America’s credit card, but instead removed it entirely until February 7, 2014.

obama 1Whether through legislative sleight-of-hand or something less sinister, the law of the land now permits the U.S. to run up new debts for 16 weeks without consequences, and forbids the Treasury Department from enforcing the debt limit that ordinarily keeps spending from spiraling out of control.

Some observers noted on Wednesday that when Congress burned the midnight oil to debate a deal that would save the U.S. from crashing through its existing $16.7 trillion debt ceiling and risking a credit default, there was no debate over exactly how far to raise it.

House and Senate negotiators only discussed how long the agreement would last.

The result has left the Treasury free to accumulate as much debt as it needs to until the deal expires, The Daily Caller noted on Thursday.

obama 2The Bipartisan Policy Center estimated that if the government had extended its debt ceiling in this fashion through the end of 2014, as one Republican proposal suggested, the federal government’s debt would have ballooned by $1.1 trillion.

At that rate, the national debt will likely grow by at least $282.5 billion on its own by the time Feb. 7 rolls around, bringing the total close to an even $17 trillion.

More here

This is how Sen. Minority Leader Mitch McConnell was able to get 3 billion dollars for a dam project in Kentucky.: :  I’m sure in the coming weeks we’ll find out who else got what money for their own pork projects.

Originally published at The Last Tradition

Samuel Gonzalez

Samuel Gonzalez

Samuel Gonzalez is the editor-in-chief of The Last Tradition, a blog he started in April 2009. Samuel is one of the top Latino bloggers in the country and his blog has been linked by Gateway Pundit, Right Wing News, Instapundit, Legal Insurrection, American Thinker and other top conservative blogs. He's a strong Reagan conservative, a Rush Limbaugh disciple, an unconventional Evangelical who not only takes on Liberal orthodoxy, but also challenges other so-called soft conservatives afraid to buck political correctness.

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