Treasury Secretary Jack Lew wrote a letter to House Speaker John Boehner (R, OH). The gist of it:
[T]he Obama administration warned House Republicans that a deal on increasing the federal debt limit may have to come sooner than expected.
Anyone but a Progressive would see this as confirmation of the need to reduce spending, so as to reduce the debt and, consequently, the need to raise the debt ceiling. The Progressives in our government, though, see this as a need to raise the debt ceiling: we have a credit card; of course there’s still money in the bank.
Or, it’s Mardi Gras all year ’round for Progressives.
Laissez le bon temps rouler.
As Sander Levin (D, MI), Ranking Member of the House Ways and Means Committee confirms:
It is time for Republicans to do the right thing
and spend and borrow more.