Stuck In Congressional “Groundhog Day”

 

 

” In the movie “Groundhog Day,” Bill Murray wakes up again and again to find that he is stuck in the same day. This happens multiple times a year now with Congress on the debt limit, which we just hit again on Saturday.

  Depending on which party’s in power, the ones arguing for or against raising the debt ceiling will change—which makes for fun historical quotations like Obama vs. Obama on the debt limit. In our new video, you can see politicians from both sides arguing the debt limit—and vowing that they will not, absolutely not, have this same argument again next year.”

 

But wait , the problem gets worse …

 

” Just since the limit was suspended in the fall, Washington has borrowed nearly $600 billion. So what happens if lawmakers throw up their hands and abandon the debt limit for a year? Romina Boccia, Heritage’s Grover M. Hermann Fellow, warns:

  The debt limit serves as an important congressional check on federal spending and borrowing. Without a debt limit, all control over borrowing decisions shifts to the Treasury secretary, who is appointed by the president. Effectively, this concentrates borrowing authority in the executive branch, and hands the president a blank check to borrow against the U.S. taxpayer.

  President Obama is already threatening to disregard Congress and use executive actions to make laws. Will he have all the borrowing power, too? Does Congress do anything anymore? “

 

Courtesy of Heritage.org read it all .