Thursday, March 16, 2006

senate votes to raise debt limit

guess what, all that "shock and awe" stuff isn't free. every single one of us --- not just every taxpayer, but every man, woman, and child --- has in effect gone into debt to the tune of $30,000... and for what? and how can that chimp still be braying about tax cuts and fighting more preemptive wars?


Senate Votes to Raise Debt Limit
By ANDREW TAYLOR, Associated Press Writer
44 minutes ago

WASHINGTON - Congress agreed to let the government borrow another $781 billion Thursday, allowing lawmakers and President Bush to pay for the war in Iraq and combat terrorism without raising taxes or cutting popular domestic programs.

The Senate, on a 52-48 vote, sent to President Bush a bill raising the ceiling on the national debt to nearly $9 trillion and preventing a first-ever default on U.S. Treasury notes. When the government reaches the new ceiling, expected sometime next year, the debt will represent $30,000 for every man, woman and child in the United States.
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