The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes.
The bill passed by a 52-48 vote. The increase to $9 trillion represents about $30,000 for every man, woman and child in the United States. The bill now goes to President Bush for his signature.
[snip]
The debt limit will increase by $781 billion. It's the fourth such move — increasing the debt limit by a total of $3 trillion — since Bush took office five years ago.
I sure wish I could balance my personal budget by just raising the limits on my credit card debt.
I laugh every time I hear the Repugs talk about being the party of fiscal responsibility!
1 comment:
Another reason to feel nostalgic for that notorious tax & spend liberal, Bill Clinton.
Post a Comment