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In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.
The leadership is betting that it’s better for the party to take its lumps now rather than risk further votes over the coming year.
Chickensh*ts. This will be great fodder in 2010 anyway.
House Democratic leaders, bowing to their party's deficit hawks, will move the year's final must-pass piece of legislation without a long-term increase to the national debt and without a large boost in infrastructure funding that was aimed at creating jobs.
Nancy, how do you like all those Blue Dog conservative democrats you and rahm recruited in 2006 and 2008 to defeat republican incumbents in conservative districts?
The latest calculation of the National Debt as posted by the Treasury Department has - at least numerically - exceeded the statutory Debt Limit approved by Congress last February as part of the Recovery Act stimulus bill.
The ceiling was set at $12.104 trillion dollars. The latest posting by Treasury shows the National Debt at nearly $12.135 trillion.
the spending needs to stop. i wrote my rep and senator today.
LOL you have 17K reps on 27K posts in a little over 2 years?
And I thought I put too much time in on this forum!
I'm not sure why there is a statutory limit to debt ceilings, to be honest. Has Congress ever agreed in principle to limit spending because of it? Maybe someone can school me on this.
Never mind.
Nancy, how do you like all those Blue Dog conservative democrats you and rahm recruited in 2006 and 2008 to defeat republican incumbents in conservative districts?
Just another in a long list of illustrations why the Do-Nothing Republicans are little more than excess baggage at this point. The Blue Dogs are perfectly capable of representing the legitimate viewpoints of conservative Americans, but unlike Republicans, they actually engage in the process and participate in the decision-making. We could ship all these Republicans off to Borneo, and no one would notice any actual difference...
The Bush administration also raised the debt ceiling. Did you feel the same way about that as you do about the curtain administration following suit?
I feel the same for whoever is in office. I'm for a Balanced Budget Amendment - iron clad - no waiver to lift it by 2/3 vote of Congress - no Supermajority vote to raise taxes - no waiver during minor military conflicts.
Let's start with the 636 Billion dollar a year Defense Spending Bill that was passed today by Congress which doesn't include the cost of Obama's 34,000 troop surge in Afghanistan. Spending like drunken sailors has to stop
Just another in a long list of illustrations why the Do-Nothing Republicans are little more than excess baggage at this point. The Blue Dogs are perfectly capable of representing the legitimate viewpoints of conservative Americans, but unlike Republicans, they actually engage in the process and participate in the decision-making. We could ship all these Republicans off to Borneo, and no one would notice any actual difference...
Republicans can't stop anything, especially in the House. It is her own party that won't get in line.
The Bush administration also raised the debt ceiling...
Seven times, just to flesh out the thought...
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