My Old Daddy Used to Say,"If You Want to See Time Fly, Sign a 60-Day Note"
House Democrats discard larger debt limit By Paul Kane Washington Post Staff Writer Tuesday, December 15, 2009 House Democratic leaders, bowing to their party's deficit hawks, will move the year's final must-pass piece of legislation without a long-term increase to the national debt and without a large boost in infrastructure funding that was aimed at creating jobs. . . . last week's proposal to increase the debt limit by more than $1.8 trillion had been discarded in favor of a more politically acceptable plan to give the Treasury Department a two-month extension on its current limit of $12.1 trillion, which is expected to be hit by New Year's Eve.
Happy New Year! No jobs, no wiggle-room and just enough time-pressure for Steny Hoyer and his bunch to get concession after concession on a Wall Street recovery at the cost of a Main Street disaster. And someone thought the Democrats controlled Congress. Sixty days and the note comes due.
The balloon may not yet be up, …