From CNN.com:

"U.S. Senate approves bill permitting government to borrow another $781 billion, bringing national debt limit to nearly $9 trillion."

If only Congress was controlled by Republicans, the party that advocates fiscal conservatism.

Oh. Wait.

They are fighting a war on terror all the while giving tax cuts to the rich. It's a tough balancing act. I wonder who will pick up the tab?

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the memories of a man in his old age
are the deeds of a man in his prime

roger waters

It is just sad seeing the government waste money like this. I want to know (roughly) where the breaking point is, i.e. when will the annual interest payments on the debt force the federal government to cut spending or go bankrupt?

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"I am a Tory Anarchist. I should like every one to go about doing just as he pleased- short of altering any of the things to which I have grown accustomed." (Max Beerbohm)

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"The heart of the wise inclines to the right, but the heart of the fool to the left."
Ecclesiastes 10:2 (NIV)

mostly from the neediest. So maybe they did listen. And I'm telling you, $6 Billion goes along way these days.

__________________
the memories of a man in his old age
are the deeds of a man in his prime

roger waters

its not unusual for Congree to do this. I may be wrong but I do believe during Bubba's presidency, the ceiling was raised a couple of times.

What is alarming is the rate at which its been raised given the current situation with the war and Katrina reconstruction (of which fund are "MISSING".. )

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"Only a fool tests the depth of the water with both feet."

Yikes..Munko...LEARN TO TYPE, will ya??

Congress, folks..I apologize..

__________________
"Only a fool tests the depth of the water with both feet."

__________________
"The heart of the wise inclines to the right, but the heart of the fool to the left."
Ecclesiastes 10:2 (NIV)