How things work in the "progressive" world.
Wednesday, August 31, 2011
The definition of insanity: President Obama’s ‘jobs plan’ — Emerging Corruption
The definition of insanity: President Obama’s ‘jobs plan’ — Emerging Corruption: "Like trying to fix America’s debt problem by raising the debt ceiling and incurring even more debt. Which is “a failure of leadership” that “shift[s] the burden of bad choices today onto the backs of our children and grandchildren,” as Senator Barack Obama noted back in 2006 when he spoke out against raising the debt ceiling. But that didn’t stop Barack Obama, as president, from raising America’s debt ceiling not once, not twice, but three times while in the White House. Why? According to President Obama, “If we don’t come to an agreement [to raise the debt ceiling a third time], we could lose our country’s AAA credit rating.” So, what happened after he came to an agreement to raise the debt ceiling a third time? America immediately lost its AAA credit rating."