Ecconomic Freedom

The importance of Economic Freedom. It's worth a minute of your time.

Raise the debt sealing?

Do I understand this right? President Obama wants to raise the debt sealing so that he can keep spending? After all the complaining that "the people" have been doing about too much spending in Washington, isn't he just ruining his chances for re-election by doing exactly the opposite. You would think he would be trying to cut the spending, not raise the debt sealing so that he can spend more. Or am I understanding this issue incorrectly?