New Debt Limit: $14.3 Trillion

Posted by NosferatusCoffin | January 28th, 2010

But don’t worry, we’ll save a few billion by cutting back the number of paper clips the IRS uses.

From the NY Times: (Hat Tip: Michelle Malkin)

The Senate on Thursday voted narrowly to increase the government’s borrowing authority to $14.3 trillion, which would allow the Treasury Department to continue servicing the country’s spiraling national debt through most of 2010.

The 60 to 40 vote, along party lines, allows the Democratic-led chamber to avoid approving another unpopular increase before the November congressional elections. The House of Representatives must also approve the hike before President Barack Obama can sign it into law.

At $45,000 per American, that is nearly twice the annual poverty line. So can we now all claim to be in poverty and get all of the goodies that are reserved to the parasites and illegals? I thought not.

You have to love this line:

…but lawmakers are never eager to sign off on a measure that allows the government to dig itself further into debt.

Maybe if they did not quadruple the deficit and the debt in one short year, they would not have such clammy hands when pressing the “Yea” button. They might as well be a Kennedy and complain about drunk driving.



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Filed Under: Congress

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