As March looms, America's financial crisis worsens. Next month, the U.S. will reach its maximum borrowing limit.
It's like you maxing out your credit card, but your government has the power to arbitrarily choose a new higher limit for itself.
The Republicans are balking, hinting they will only approve an increase if there are serious cuts in spending. This is something you might do if you were maxed out.
The Democrats cry foul. It could ruin our credit standing if we don't increase the limit. This would be true if no increase at all is approved.
Here's what our leader has said: "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. America deserves better. I therefore intend to oppose the effort to increase America's debt limit."
Who said that? None other than then Sen. Barack Obama.
Both Obama and Sen. Harry Reid voted against the increase during the Bush administration. Now after the stimulus, Obamacare and other spending they pushed through in the past two years, the problem is their own. Let's see if Obama and Reid still hold that belief when they are faced with the problem.
Richard Geraghty Hilton Head Island