Debt Ceiling 101 Featuring Drunken Sailors

Author: 
Liberty
 
Description: 

With the U.S. expected to hit the $16.4 trillion debt ceiling by the end of February, there is more debt ceiling shenanigans in Washington. Obama wants to raise the debt ceiling, but opposed raising it in 2006. Most Republicans oppose raising the debt ceiling, but were all for it during the George W. Bush administration. It's all a show.

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Sources:

All Democratic Senators Opposed Raising it in 2006: http://www.yaliberty.org/posts/dems-and-gop-have-opposite-debt-ceiling-positi...

All but two Republican Senators Voted to Raise it in 2006: http://www.yaliberty.org/posts/dems-and-gop-have-opposite-debt-ceiling-positi...

Raised 11 times since 2001: http://money.cnn.com/2012/05/22/news/economy/debt-ceiling/index.htm

Raised 7 Times During Bush Adm: http://www.politifact.com/truth-o-meter/statements/2011/jul/26/barack-obama/o...

This video is strictly my own opinion. It does not represent the views of any organization.