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Senate passes massive increase in the debt limit .

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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-28-10 01:40 PM
Original message
Senate passes massive increase in the debt limit .
Seems like the Dems CAN vote together when they want to.

WASHINGTON – Senate Democrats needed all the 60 votes at their disposal Thursday to muscle through legislation allowing the government to go $1.9 trillion deeper in debt.

The measure would would put the government on track for a national debt of $14.3 trillion — about $45,000 for every American — and it served as a vivid reminder of the United States' dire fiscal straits.

The massive increase in the debt limit would allow majority Democrats to avoid another vote until after the midterm elections this fall. New estimates released by the Congressional Budget Office on Tuesday show that the U.S. this year could run a deficit matching last year's record $1.4 trillion shortfall.

http://news.yahoo.com/s/ap/20100128/ap_on_bi_ge/us_senate_debt_limit
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CreekDog Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-28-10 01:44 PM
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1. The debt's going to go up until the economy improves
the alternative is...

well there is really no alternative, once you start playing it out.
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jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-28-10 02:02 PM
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2. Or until China refuses to borrow us anymore money.
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