![\"Boehner,](\"https:\/\/lessgovisthebestgov.com\/blog\/wp-content\/uploads\/2013\/10\/Boehner-Reid-McConnell-and-Obama.png\")
<\/a><\/p>\n<\/b>Going From Bad to Worse to Bankrupt<\/strong><\/span><\/span><\/p>\n From a\u00a0Small Government Shutdown to a Big Republican Letdown <\/strong><\/span><\/p>\n By Scott Rohter, October 2013<\/span><\/span><\/p>\n \u00a0<\/span><\/p>\n The latest increase in the Federal Debt Ceiling\u00a0loads Americans up with another trillion dollars\u2019 worth of\u00a0crushing Federal debt. This\u00a0load is even getting too heavy\u00a0for\u00a0all of the\u00a0levitations and prestidigitations\u00a0of the Federal Reserve Board. They are about the only ones left who are still willing to carry it. The increase in the Debt Ceiling\u00a0was passed by\u00a0the Senate on Tuesday October 16th and by the House of Representatives the very next day.\u00a0It\u00a0raised the Federal Debt from\u00a017 trillion dollars\u00a0to 18 trillion dollars by the year 2016. <\/span><\/span><\/p>\n \u00a0<\/span><\/span><\/p>\n \u00a0<\/span><\/p>\n Selected Reading<\/span><\/span><\/span><\/b><\/p>\n http:\/\/lessgovisthebestgov.com\/government-shutdown-one-small-step-for-conservatives-one-giant-leap-for-the-republican-party.html<\/span><\/a><\/p>\n http:\/\/lessgovisthebestgov.com\/government-shutdown-slim-down-or-show-down.html<\/span><\/a><\/p>\n https:\/\/lessgovisthebestgov.com\/blog\/when-everything-is-upside-down-and-all-backwards-and-democrats-are-in-charge-of-our-nations-fiscal-policies.html<\/span><\/a><\/p>\n http:\/\/lessgovisthebestgov.com\/another-round-of-phony-conservatives.html<\/span><\/a><\/p>\n http:\/\/lessgovisthebestgov.com\/American-federal-debt-crisis-one-two-three.html<\/span><\/a><\/p>\n http:\/\/lessgovisthebestgov.com\/national-sales-tax.html<\/span><\/a><\/p>\n http:\/\/lessgovisthebestgov.com\/debtor-nation-slave-nation.html<\/span><\/a><\/p>\n<\/a>In case you haven\u2019t heard… Congress\u00a0has raised the Federal Debt Ceiling again… and again and again, and the Grim Reaper\u00a0in the White House just keeps signing his name to it. Barack Hussein Obama. He just keeps\u00a0affixing his signature to the deficit enabling legislation.\u00a0This allows His Royal Highneyass\u00a0 to\u00a0keep spending\u00a0money like a drunken sailor. The Federal government is\u00a0spending money like it is going out of style, and\u00a0it actually is going out of style at the rate they\u00a0are spending it. Soon\u00a0they will\u00a0have to start using something else besides Federal Reserve Notes because no one is going to\u00a0accept them anymore… You can’t keep monetizing the debt and creating fiat money out of thin air and you cant reduce interest rates any lower than zero.\u00a0Sooner or later if\u00a0they don’t stop doing it, the\u00a0other nations of the world will put an end to it by dropping the US dollar as the world’s reserve currency.<\/span><\/span><\/p>\n<\/a>Our country has gone from bad to worse to\u00a0almost bankrupt. Soon we will have to publically admit we are bankrupt. The world\u2019s largest economy cannot keep paying its bills with borrowed money, but even worse than that is the fact that our\u00a0political leaders are morally insolvent. They aren’t bordering on\u00a0bankruptcy. They\u00a0are actually morally and ethically bankrupt. The Republican Party is\u00a0just as bad as Democrat Party and the leaders\u00a0of both\u00a0Parties are\u00a0clueless as well as spineless.<\/span><\/span><\/p>\n