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Senate OKs hiking debt limit to nearly $9,000,000,000,000

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William769 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 01:44 PM
Original message
Senate OKs hiking debt limit to nearly $9,000,000,000,000
WASHINGTON (AP) -- The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes.

The bill passed by a 52-48 vote. The increase to $9 trillion represents about $30,000 for every man, woman and child in the United States. The bill now goes to President Bush for his signature.

The measure allows the government to pay for the war in Iraq and finance Medicare and other big federal programs without raising taxes. It passed hours before the House was expected to approve another $91 billion to fund the war in Iraq and provide more aid to hurricane victims.

The partisan vote also came as the Senate continued debate on a $2.8 trillion budget blueprint for the upcoming fiscal year that would produce a $359 billion deficit for the fiscal year beginning October 1.

http://www.cnn.com/2006/POLITICS/03/16/congress.debt.ap/index.html

When you see the numbers with all the zero's, it's more impressive than just writing trillion. WTG GOPER'S!
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corporate_mike Donating Member (812 posts) Send PM | Profile | Ignore Thu Mar-16-06 01:47 PM
Response to Original message
1. National debt increases by $2 billion per day
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Ezlivin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 01:48 PM
Response to Original message
2. Bush's budget is a fucking lie
His administration breaks out the war expenses so that it doesn't look as bad.

Of course, what should I expect from a lying cocksucker?
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Justice Is Comin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 01:51 PM
Response to Reply #2
3. And the cost of fixing the
alternative minimum tax. Huge bucks.
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Earth_First Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-16-06 01:51 PM
Response to Original message
4. Fuc*k it. They're just numbers!
Not as though they are going to adhere to $9,000,000,000,000. When we hit $9,000,000,000,000 they'll vote to have it re-authorized to $11,000,000,000,000 then $14,000,000,000,000 then $17,000,000,000,000.

They're just numbers...
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corporate_mike Donating Member (812 posts) Send PM | Profile | Ignore Thu Mar-16-06 02:18 PM
Response to Original message
5. Unfunded obligation of Social Security and Medicare is > $81 TRILLION
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