http://thehill.com/homenews/senate/57493-senate-must-raise-debt-ceiling-above-12t
It's time to rip up the credit card kids, because they have proved they're not responsible enough to own one.
Now Obama is asking Congress to raise the debt ceiling, something lawmakers are almost certain to do despite misgivings about the federal debt. The ceiling already has been hiked three times in the past two years, and the House took action earlier this year to raise the ceiling to $13 trillion.
Congress has little choice. Failing to raise the cap could lead the nation to default in mid-October, when the debt is expected to exceed its limit, Treasury Secretary Timothy Geithner has said
