Are those advocating excessive borrowing in Greensboro any different from Special Interests in DC pushing the federal government to drive our country’s finances off a cliff?

Congress urged to hike debt limit above $12T

Silla Brush

 

Six of Washington's biggest business lobbies are urging lawmakers to boost the nation's debt limit above $12.1 trillion as the economy confronts historic mountains of red ink.

 

The associations said in a letter on Thursday that it is "critical to ensuring…’ confidence in the creditworthiness of the United States, that Congress approve the administration's request for a higher debt limit."

 

…The letter puts the business lobbies at odds with House and Senate Republicans who have criticized Democrats for pursuing policies that lead to great deficits. The 2009 deficit is expected to hit $1.6 trillion.

 

The Hill, 09/10/09