Fiscal Policy: The president tells business leaders he wants to do away with Congress when it comes to raising the country's legal debt limit and be able to do it all by himself.read more: http://news.investors.com/ibd-editorials/120612-636088-obama-seeks-power-to-raise-debt-ceiling.htm
If hypocrisy were taxable, we should soon be able to balance the budget and repay the national debt.
It was on display again Wednesday, when President Obama told CEOs at the Business Roundtable he is no longer playing the debt ceiling "game" of agreeing to raise the limit in exchange for administration concessions on spending and taxes.
Calling the last debt battle in 2011 a "catastrophe" that led to the lowering of America's credit rating and a stalled economic recovery, the president, who has received six debt-ceiling increases as he added more debt than the first 42 presidents combined, told the nation's business leaders: