Cain’s News Nuggets
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What Republicans want for borrowing authority

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The Republicans have asked that any increases in borrowing authority, raising of the debt limit that is, should have policy changes attached, as the national debt is currently sitting at 17 trillion dollars — a number beyond the size of our economy.

“Why should we worry about spending? We can just spend, spend, spend, spend, spend,” said Herman Cain, impersonating the garden variety liberal economic mind.

Republicans find the prospect of a “clean” debt ceiling — a ceiling without certain constraints — irresponsible, as expressed in this clip by Sen. Mitch McConnell (R-Ky.).

“We can’t spend forever, endlessly,” Cain remarked. “This nation is already bankrupt and we don’t have a ‘sugar daddy’ that we can call on.”

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