"Senate ends year by raising debt ceiling to $12.4 trillion" by Laurie Kellman, Associated Press | December 25, 2009
And they did it on Xmas Eve, hoping you would not notice, America!!
WASHINGTON - The Senate voted yesterday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit and a political problem that President Obama has promised to address next year....
Related: The Trillion-Dollar Interest Payment
"Democratic leaders are eyeing a new figure close to $14 trillion, pushing the issue past next November’s election"
So what happened?
And they will deal with it "next year," huh?
Related: Why Obama Wants A Health Care Bill This Year
Oh, that is why you are getting a health bill (literally)!
The vote split mainly down party lines, with Democrats voting to raise the limit and Republicans voting against doing so....
Of course, when Bush was in office the exact opposite occurred.
Sort of why I am sick and tired of politicians, MSM, and their s*** fooleys!
Republicans derided the bill, though they routinely supplied votes for eight previous hikes totaling $5.4 trillion under President George W. Bush....
The bill permits the Treasury Department to issue enough bonds to fund the government’s operations and programs until mid-February. The Senate will vote again on the issue Jan. 20.
Obama must sign the measure into law to prevent a market-rattling, first default on US obligations.
And THAT is why they want the HEALTH TAX and CARBON TAX!
This government is DESPERATE to find ANY REVENUE STREAM IT CAN!!!!!
And if the U.S. DEFAULTS, Americans, you will see your dollar fall faster than a 110-story skyscraper at Ground Zero on 9/11!!!!
You think you have it bad now; how would you like to be Zimbabwe?
The government piled up a record $1.4 trillion deficit in 2009 to counter a meltdown in financial markets and help bring the nation out of its worst recession in seven decades.
And it worked for one quarter. Now what?
The early-morning vote followed the Senate’s passage of a landmark bill to overhaul the nation’s health care system - the Senate’s last two votes of the year....
And then they fled town like a good thieves!
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