Thursday, January 21, 2010

Democrats propose $1.9T increase in debt limit

From Yahoo News:

WASHINGTON – Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.


You shouldn't pay bills with credit. If you do, it's a sign of a much bigger problem.

Besides, didn't they just raise the debt limit over Christmas while no one was looking? Amazing that Congress has the power to both give themselves pay raises and increase the limits of their credit. You try that at home, folks...

No comments: