What Would Visa Do?

I'll tell you exactly what Visa would do if I had the ability to raise my own credit limit. Deactivate my credit car. From Bloomberg:

The U.S. Congress approved a $781 billion increase in the federal government's debt limit, the fourth time lawmakers have raised the cap since President George W. Bush took office.

The Senate voted 52-48 to increase the legal limit on federal borrowing to $8.97 trillion, up from $8.18 trillion. The House approved the measure last year, meaning the legislation now goes to the president for his signature.

[...]

Since Bush took office in 2001, the federal budget has gone from four years of surpluses, the longest such run since before the Great Depression, to deficits brought on by a recession, tax cuts, the Sept. 11 attacks, wars in Afghanistan and Iraq and Gulf Coast hurricane damage.

Wasn't there a time Republicans actually criticized the Democrats for not balancing the budget? Must have been when they weren't actually balancing the budget - a feat no Republican President has achieved in over half a centure. This tax cut / gleeful spending thing that the Republicans have going is going to catch up to us in the end.

Debt Limit Balanced Budget Deficit Fiscal Conservatism