Democrats propose $1.9T increase in debt limit!

[andymays]

http://news.yahoo.com/s/ap/20100120/ap_on_bi_ge/us_congress_debt_limit_11

Excerpt:

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.
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.

[Track Collector]

http://news.yahoo.com/s/ap/20100120/ap_on_bi_ge/us_congress_debt_limit_11

Excerpt:

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.
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.

One of the CNN anchor airheads had the intelligence to question was it not Bush who accounted for 5 Trillion of this amount (in his 8 years in office). One of the guests started to question about the impact of 7 Trillion more by the current administration in a single year, and he quickly cut of the discussion. Double standards are ok for the folks that YOU support? :rolleyes: