Thursday, January 28, 2010

Debt Update

One day after Obama promises to curb spending - Dems pass largest Debt increase in US History

Senate Democrats passed a $1.9 trillion increase in the federal debt limit Thursday, seeking to push off another politically painful debt vote until after the midterm elections.
All 60 Democrats and no Republicans voted for the debt limit increase. The measure, which the House has yet to vote on, would put the debt ceiling at roughly $14.3 trillion.

Full story here

3 comments:

farider said...

You didn't expect Obama to "change" did you. Watch the left hand when he's waving the right.

Janis said...

Oh My! Things are looking Bad!

Anonymous said...

Again Congress does what it wants and to hell with us little guys. Our great-great grandchildren will be paying this debt off, not us. We certainly need to clean house in the next couple of elections - & continue to do so in the future.

jlg