Debt Limit Increase Votes Are Almost Always Party-Line Votes
A couple of interesting graphs via Veronica de Rugy:
I think both of these images say a lot about our national politics. The out-of-power party is always for fiscal responsibility. Because the out-of-power-party can’t control the spending agenda anyway, so why not try to inhibit your opposition’s spending agenda by demanding fiscal restraint?
But once back in power, the politicians from both party’s just want to spend. And the debt limit, which is really no limit at all as it gets raised every time it gets in the way, suddenly isn’t so important any more.
At some point somebody has to say that enough is enough and stop the spending.Tags: debt limit, deficits, national debt