Asserts the conservative Republican commentator in Washington, D.C.: "Why do we have to keep raising the debt ceiling? Because politicians are afraid to be honest with the American people and immediately raise taxes to pay for all their new spending. So instead of raising taxes and paying for our new bills when we incur them, they just borrow the money."
She continues her commentary: "They just spend the money and borrow, on our behalf — often from those overseas like the Chinese — to pay the bills. Then they tell the American people about all the great ideas they are spending money on. Bail out companies that have failed. Green energy. Extend unemployment benefits so you can collect for four years. And so on. It all sounds so wonderful and innovative and compassionate. And even better — somebody else is paying for it all. We think. Now our debt, at over $16 trillion, is bigger than our whole economy. More than 100% of our GDP."
More: "Part of President Obama’s proposal to bypass the 'fiscal cliff' is to get rid of the requirement that Congress must approve increases in the debt limit. I wonder why? It’s time for responsible behavior and hard choices. If we can’t just cut spending, let the 'fiscal cliff' kick in."