As part of the silly budget debate in Washington, President Obama is claiming that an increase in the debt limit wouldn’t authorize higher spending.
That’s technically true, but it sure would enable higher spending.
This Chuck Asay cartoon offers an amusing perspective on the battle.
In the interest of accuracy, however, it should show President Bush having already gone through the checkout line with an equally big cart full of handouts.
After all, government spending imposes a heavy cost on the economy regardless of whether Republicans or Democrats are the ones in charge of policy.