"Senate increases federal borrowing limit" by Washington Post | January 29, 2010
WASHINGTON - The Senate agreed yesterday to raise the legal limit on government borrowing to a record $14.3 trillion, a total that would permit the Treasury Department to cover the nation’s bills through the end of this year.
The vote fell strictly along party lines, with all 60 Democrats supporting and 39 Republicans opposing a plan to increase the cap by $1.9 trillion. Democratic leaders were able to prevail only because Senator-elect Scott Brown of Massachusetts, a Republican, has yet to be seated.
That election didn't really change much of anything, did it?
Related: Democrats Reconciled to Health Tax
And yet the MSM hypes it as such a sea change(?).
If lawmakers had approved a smaller increase, Democrats would have had to revisit the deeply unpopular topic of the soaring national debt before facing voters in November.
Like we are just going to forget about it because they raised a ceiling we despise?
The agenda-pushing press can't be that naive.
Even as they expanded the Treasury’s ability to keep borrowing, Democrats moved to rein in the historically large budget deficits, which are projected to expand the debt through the end of this decade. As part of the debt-limit bill, the Senate agreed in another party-line vote to revive the pay-as-you-go budget rules that bar lawmakers from increasing future deficits through tax cuts or new entitlement spending.
END the WARS and CORPORATE LOOTING of the TREASURY instead!
A similar rule helped the nation balance its budget in the 1990s, but the new version would carve out $1.6 trillion in exceptions....
So even the "pay-as-you-go" resolution they adopted meant nothing.
And you are PAYING THEM for this ARM-WAVING NONSENSE, taxpayers?
With public concern rising over the budget mess deepened by last year’s recession, President Obama has proposed a three-year freeze on much of the government’s discretionary spending, a move that would generate modest savings but send a powerful political signal....
Is a plate of s*** a powerful signal?
Yeah, I guess the stench is a signal, isn't it?
Yeah, the IMAGERY (fart screen?) is MORE IMPORTANT than the REALITY, 'murka!
Take a deep breath now, readers.
"House approves $1.9 trillion increase in US debt; Bill includes new rules to curb deficit" by Andrew Taylor, Associated Press | February 5, 2010
WASHINGTON - The House voted yesterday to allow the government to add $1.9 trillion of debt - an increase of about $6,000 for every US resident and a vivid election-year reminder of the nation’s troubled financial condition.
I don't have it, government.
The huge debt increase, approved 217 to 212, is only enough to keep the government afloat for about another year as it borrows more than 40 cents of every dollar it spends on programs such as defense, health care, feeding the poor, and protecting the environment. The budget tops $3.7 trillion this year, with the deficit approaching $1.6 trillion.
That is how NATIONS DIE and EMPIRES COLLAPSE, America.
But you had a nice, long run, huh?
The huge increase - to $14.3 trillion - to the cap on federal borrowing was designed by Democratic leaders to ensure that legislators would not have to vote again on another increase before the November midterm elections, when they could face voters increasingly angry over government spending and debt....
They think raising the debt limit will remove it from view as a campaign issue?
Ha-ha-ha-ha-ha!
Economists warn that the rapidly rising debt could force interest rates higher and, if left unchecked, could have serious consequences for the economy.
And the country.
The bill now goes to President Obama, who will sign it to avoid a default on US obligations.
Yes, that is what EVERYTHING is ABOUT DOWN THERE! How can they get their greedy mitts on as much tax loot as they can because of DEFAULT!
That is why this government gives you NOTHING BACK, America! It is PAYING OFF BANKERS from whom it keeps BORROWING MORE!!!!
Ever hear of a VISCOUS CIRCLE, America?
“Defaulting is not an option,’’ said Representative James P. McGovern, a Worcester Democrat and a member of the Budget Committee. “If the United States defaults, investors will lose confidence that the US will honor its debts in the future.’’
Yes, it is ALWAYS ABOUT THEM says "your public servant."
Thirty-seven Democrats, mostly from GOP-leaning districts, voted against the measure. So did every Republican, even though they routinely supported previous increases in the borrowing cap when their party controlled Congress or when Republican George W. Bush was president.
Yeah, which is why I'm tired of the s*** political fooleys.
Doesn't matter who is in charge, they dance to the master's tune.
All of the representatives from Massachusetts joined McGovern in voting for the new deficit ceiling....
Like good liberal Democrats, right?
Related:
"The bill also lifted the cap on the amount of money the United States can borrow by $1.9 trillion - to a total of $14.3 trillion. The ceiling was lifted from $12.4 trillion to keep the United States from going into default.
--more--"
Yeah, that's curbing spending, right, 'bomber.
I thought we got rid of the lies when the last guy left, sigh.
"Budget deficit on track to beat last year’s record; But Jan. figures less than expected" by Martin Crutsinger, Associated Press | February 18, 2010
WASHINGTON - The federal deficit through the first four months of the budget year is running at a record-breaking pace even though the deficit in January was slightly smaller than expected....
The administration marked the anniversary yesterday of the passage of the $787 billion economic stimulus bill, maintaining that it has worked to stave off a second Great Depression while acknowledging that more must be done to return people to work. The administration says it will begin to tackle the deficit in 2011.
Did the procrastination as the country is being bled dry satisfy you, American?
In his budget, the president offered a down-payment on deficit reduction, a three-year freeze on discretionary government spending outside of defense and homeland security.
Of course! Spending on empire and tyranny is sacrosanct in AmeriKa.
The Treasury Department said....
If you want to read lies you know where to go, readers.
--more--"
WASHINGTON - Reducing the deficit to 3 percent of the gross domestic product would still leave an annual deficit of almost $600 billion, compared with $1.4 trillion last year and nearly $1.6 trillion this year. But it would keep the national debt stable relative to the size of the economy, a goal many economists endorse.
Obama said the red ink could “hobble our economy. It will cloud our future, and it will saddle every child in America with an intolerable burden.... Everything’s on the table.’’
--more--"
And I'm sure this TAXPAYER EXPENSE contributed to the situation -- as well as filling up another kind of footprint:
"Obama aims to bolster Senate Democrats out West
WASHINGTON — President Barack Obama is intervening out West in a brutal election season for incumbents, trying to bolster two vulnerable senators — one of them Majority Leader Harry Reid — and the morale of his party.
Obama ventures Thursday to Denver to raise money and speak up for Democratic Sen. Michael Bennet of Colorado, who was appointed and is now getting challenged within his party. Obama will end up in Las Vegas for another Democratic fundraiser and plenty of prominent time with Reid, the Nevada lawmaker who is a major target for Republicans in November.
The trip has a public agenda, too....
Meaning YOU are PAYING for the CARBON-SPEWING AGENDA-PUSHING trip, American taxpayers.
Obama's direct involvement comes as the Democrats' command of the Senate grows shakier, jeopardizing Obama's agenda....
Yeah, whatever. Just bulldoze it all into an omnibus or reconciliation bill.
--more--"
Yeah, I'm sick of the political BS.
Just s*** candy for public consumption to make us think there is a difference down there.
Coming soon: The Trillion-Dollar Interest Payment
