Dems Seek $1.9T Increase in Debt Limit

These people are plunging us deeper and deeper into the abyss. They are out of control and will destroy our economy and country if we don't do something about it. Start with term limiting these clowns in November.

in reference to:

"Senate Democrats proposed on Wednesday 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. The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent a first-time default on obligations. It promises to be a challenging debate for Democrats, who, as the party in power, hold the responsibility for passing the legislation. It is hardly the debate Democrats want or need in the aftermath of Sen.-elect Scott Brown's victory in Massachusetts. Arguing over the debt limit provides a forum for Republicans to blame Democrats for rising deficits and spiraling debt, even though responsibility for the government's financial straits can be shared by both political parties. The measure came to the floor under rules requiring 60 votes to pass. That is an unprecedented step that could mean that every Democrat, no matter how politically endangered, may have to vote for it next week before Brown takes office and Democrats lose their 60-vote majority. Democratic leaders also are worried that Democratic Sen. Evan Bayh, who opposed the debt limit increase approved last month, might vote against the measure. The record increase in the so-called debt limit is required because the budget deficit has spiraled out of control during a recession that cut tax revenues, the Wall Street bailout and increased spending by the Democratic-controlled Congress. Last year's deficit hit a phenomenal $1.4 trillion, and the current year's deficit promises to be as high or higher. Congress never has failed to increase the borrowing limit."
- Dems Seek $1.9T Increase in Debt Limit - CBS News (view on Google Sidewiki)