They didn't raise the debt ceiling - they eliminated it.

[mohawkx]

Originally Posted by illtaketwoplease

According to this they have eliminated the debt ceiling for a few months... technically no cap on spending.

Slowly At First, Then All At Once | Zero Hedge

That was so they could afford to give Mitch McConnell 2.9 billion dollars for whipping the republican senate into shape.

[CDusr]

Originally Posted by GypsumCement

How come there is no dollar amount, that the debt ceiling was raised to?

Did we have a fast one pulled on We The People?

There is no ceiling. Wasn't one from feb-til May 2013. The new bill is basically a continuation of this bill.

Apparently so since most people act like this just happened. Notice how quickly this was passed. They just set up an escrow acct. Had to make sure they got paid. LOL

And that whole R thing is funny. Plenty of DEMS voted on this. Probably one of the fastest bills they have passed. Short and sweet.
H.R.325 - 113th Congress (2013-2014): No Budget, No Pay Act ...
quote:
No Budget, No Pay Act of 2013 - Suspends through May 18, 2013, the current $16.394 trillion public debt limit.

[Patton360]

Originally Posted by Memphis1979

If you're worried about the debt, focus on a budget. The debt ceiling is about interest on the debt.

Wrong.

The United States debt ceiling or debt limit is a legislative mechanism to limit the amount of national debt that can be issued by the Treasury. The debt ceiling is an aggregate figure which applies to the gross debt, which includes debt in the hands of the public and in Intragovernment accounts.

From: United States debt ceiling - Wikipedia, the free encyclopedia

[CDusr]

Originally Posted by Memphis1979

If you're worried about the debt, focus on a budget. The debt ceiling is about interest on the debt.

Way too much focus is on the budget.

Need to focus on the actual books, that includes incomes, assets, revenues, investments and business activities. What other corporation just focuses on their budget?

[bluesjuke]

In 5 years the Dem Senate has spent nearly no time at all on a budget.