Congress raises limit again as U.S. debt nears $10 trillion...

Congress raises limit again as U.S. debt nears $10 trillion...
Published: 10/1/07, 12:30 AM EDT
By Rob Hotakainen
WASHINGTON _ As the national debt heads for the $10 trillion mark, generous Americans are sending checks to the federal government.

Donations to the Bureau of the Public Debt have topped $2.5 million so far this year. That's the highest amount since at least 1996.

It's not making much of a dent, though.

For the fifth time since 2001, Congress is raising the debt limit, increasing it by $850 billion to $9.815 trillion. The Senate approved the plan on a 53-42 vote Thursday night. The House of Representatives has already signed off on the plan, without a direct vote.

That's $9,815,000,000,000.00.

According to the folks who follow this stuff closely, the national debt has been rising by an average of $1.36 billion per day since September of last year.

And each citizen now has a share of nearly $30,000.

http://home.bellsouth.net/s/editorial.dll?bfromind=7816&eeid=5439993&_sitecat=1183&dcatid=0&eetype=article&render=y&ac=0&ck=&ch=ne

that large, and if they truly understood that they will be the ones expected to pay it back, would they just stop playing the game?
:kick: & R

and were actually talking about paying down the size of the national debt.

What happen to all of that, and how is it that less then 8 years of total republican rule has led to this.

Saint Ronnie and his disciples, that's what.


http://zfacts.com/p/318.html

Repugnicans love defecits cause of who it benefits. When the government goes out and borrows, it usually goes through a major lender or bank who then sells bonds (high interest) that push these numbers even higher. Meanwhile the government lets the debt roll...just like someone with maxed out card...just trying to cover the interest payments with little chipped away at the principal.

In the late 80's, I did a radio show on the Raygun defecits and had it spelled out to me how these were "good" for America as those who bought the bonds made money as well as the banks who would lend more to up the amount on the interest due (not to mention service charges) and stick the taxpayers with the balance.

USA! USA! USA!!!!!!!!!!!111!!111!!11!

:bounce:

http://www.treas.gov/tic/mfh.txt

and we can't have socialized child health care cause it would wreck the economy.

if you think anyone in this administration is patriotic "i've got 40 acres of swamp for sale" ideal land for a casino resort!
if you think we can afford to get out of the hole bushco has dug your betting against some of the biggest loan sharks on the planet.
they want to keep us down on the farm barefoot and in debt.
It's time we voted this tribe out of power;had investigation of fraud and corruption
and sentences that are carried out.
I believe this will happen after jan. 21st 2009. especially if we the people demand it.
to late for dubya to pardon his cronies! or escape into luxury retirement!

With the int. alone I could buy new the new brakes I also need. Int. is only good if you are earning it. I think their is so much money in the govt. that the WH and Congress just can not help them self.

Its gonna Kill'ya I tell'ya.

That money is all borrowed cash too, all owed to not only the 'Federal Reserve' (which is not even a Govrnment Institution, but a private FIRM) but also to foreign banks like China.

America is OWNED by private financial institutions, the debt will break this countries back.

I'd like to hear Howard Dean saying this:

"The republicans are the party of borrow and bankrupt. They have no plan on how to pay the money back that they keep borrowing and they are bankrupting the country by the minute. Time is running short for us to pull our economy out of a nosedive. George W Bush MUST be stopped at all costs before we turn into a 3rd world country overnight."

I'm sure he could put it in a little better words than I can...

:toast:

we've spent more in 7 years than the entire history of our nation from start to present! Good job, Commander Fuckup!