Raising the Debt Ceiling Like Raising Credit Limit on Maxed Credit Card

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 Shutterstock.com/Johan Swanepoel

LISTEN NOW! Greg, John, and Pat talk about the debt ceiling and how the President allegedly requested authority to increase the debt ceiling on his own.  They share an analogy of someone going to the store to make a purchase on a credit card that is maxed out.  Of course the clerk tells them that you are over your limit and declines their purchase.  The person then calls their credit card company to ask that their debt limit be increased so they can continue to spend more.  This is exactly what is happening with the federal government today.  Our President is asking to borrow 1.5 billion dollars and continue to increase our national debt which is now 16 trillion dollars.  Even a teenager knows that if given unlimited amount of debt to acquire the end is destruction.

 http://vfntv.com/media/audios/highlights/dec12/12-7-12/Raising%20the%20Debt%20Ceiling%20Like%20Raising%20Credit%20Limit%20on%20Maxed%20Credit%20Card.mp3
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