The Senate, on a 52-48 vote, sent President George W. Bush a measure allowing the government to borrow an additional $781 billion and preventing a first-ever default on Treasury notes.
Every Democrat, and three Republicans voted against this expanded borrowing.
So, what is the first thing you do when you get a new credit card?
Hours later, the House approved by a 348-71 vote $92 billion in new money for the wars in Iraq and Afghanistan and for relief along the hurricane-ravaged Gulf Coast.
Did they cut spending in other defense department areas for this money, did they raise taxes to cover the cost.
No they just ran the charge through the credit card.
I think that this is the fifth time that the Congress has had to raise the debt limit since George came to power, and there is a fair chance they will have to do it one more time before he is gone.
This debt works out to about $120,000.00 for my family, $30,000.00 for every man, woman and child in this nation.
Another Bush administration success story
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Debt
2 comments:
And what states shall we be selling off first to pay off the massive debts the U.S. will no doubt owe once this crappy conflict is over with?
Makes you wonder what all those old fashioned Republican conservatives are telling themselves to sleep at night. The party of fiscal restraint hasn't been that in so long that I laugh when I hear someone lsbel Democrats with the "tax and spend" label.
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