The Background: In favor of raising the debt ceiling while having a Democrat President, then-Senate Minority Leader Harry Reid was firmly opposed to such a thing just a few years earlier.
How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think itís fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes. Thatís what it will have to be. Why is it right to increase our nationís dependence on foreign creditors? They should explain this. Maybe they can convince the public theyíre right. I doubt it.