Hello There, Guest! (LoginRegister)

Post Reply 
Democratic-controlled Senate Raise Debt Ceiling $1.9Tabout $45,000 for every American
Author Message
SumOfAllFears Offline
Grim Reaper of Misguided Liberal Souls
*

Posts: 18,213
Joined: Nov 2008
Reputation: 58
I Root For: America
Location:
Post: #1
Democratic-controlled Senate Raise Debt Ceiling $1.9Tabout $45,000 for every American
The Democratic-controlled Senate has muscled through a plan to allow the government to go a whopping $1.9 trillion deeper in debt. The party-line 60-40 vote was successful only because Republican Sen.-elect Scott Brown has yet to be seated. Sixty votes were required to approve the increase. The measure would lift the debt ceiling to $14.3 trillion. That's about $45,000 for every American. Democrats had to scramble to approve the plan, which means they won't have to vote on another increase until after the midterm elections this fall. This action will let the government continue borrowing almost 40 percent of what it spends, much of it from China and other Asian nations who buy U.S. securities. "It took 200 years to build the federal debt to a total of $1.9 trillion," Sen. Judd Gregg, a Republican, said. "Now the majority wants to increase the current limit ... by $1.9 trillion so that we can finance the government's borrowing binge long enough to get us past the November 2010 elections."

http://www.breitbart.com/article.php?id=...rticle=1It
01-29-2010 11:52 PM
Find all posts by this user Quote this message in a reply
Advertisement


smn1256 Offline
I miss Tripster
*

Posts: 28,878
Joined: Apr 2008
Reputation: 337
I Root For: Lower taxes
Location: North Mexico
Post: #2
RE: Democratic-controlled Senate Raise Debt Ceiling $1.9Tabout $45,000 for every American
I believe the GOP has done similar things before, but since the O and Reid are in charge they get to take the heat. Comes with the job.
01-30-2010 09:11 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.