Borrow and borrow…

…spend and spend. Must be a Republican administration...

The U.S. will hit its debt limit of nearly $9 trillion in early October, Treasury Secretary Henry Paulson told Congress on Monday, and asked lawmakers to raise the limit "as soon as possible." The debt limit is currently $8.965 billion. In a letter to Senate Majority Leader Harry Reid, D-Nev., Paulson said a congressional decision to raise the limit would spare Treasury the need to take special actions that could create "unnecessary uncertainty" for financial markets.

As Kos points out, we're in an era of "record deficits, record debts (and) record mismanagement of our nation's fiscal health." Maybe, just maybe, a little uncertainty for financial markets is absolutely necessary. After all, Republican policies have created plenty of uncertainty for the rest of us. I'm sure we'd be happy to share.