Tuesday, July 12, 2011

U.S. Chamber of Commerce Calls for Increased Debt Limit

If anyone ever tells you that big business is against big government, show them this letter.

The letter was sent jointly by the U.S. Chamber of Commerce and the Business Roundtable. It was sent to the President and members of Congress, attempting to set a firecracker under debt ceiling negotiations.

Among the signers of the letter were the CEOs of Citigroup, JPMorgan Chase and the Rockefeller Group, along with many smaller organizations.

Noteworthy in the letter is an implied demand for an increase in the debt limit, but no statement against increases in taxes. Big business is becoming more and more dependent on government business and thus, when the chips are down, is all for more government spending, bigger debt and higher taxes. This all has nothing to do with free markets.


  1. Big business loves big goobermint. They've paid for it so they should love it. They get the laws and tax loopholes they want by bribing immoral, inept, low-life, subhuman, criminal politicians (that includes pretty much all of them). Just like Obama bribed some congress people to vote for Obamacare. They're all criminal scum.

  2. Clearly a case of "I can cut my throat quicker than you can cut yours".