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The world from dude's prospective. US politics, science and the environment, sports (mostly my beloved saints), and other worldy matters. After all, the dude abides....

Thursday, November 18, 2004

Debt Ceiling raised by 800 billion dollars by Congress

Well, here we go again folks. It passed with a 52-44 vote. Evidentially the Dept. of Treasury has been borrowing money from a civil service retirement account to pay the bills lately. As of last month, the national deficit was exceeding 7 trillion dollars, which is the maximum amount of money the gov't can borrow. Not anymore. Here is how the republicans acted during this very partisan vote in Congress:

Republican senators did not join in the debate, underscoring how politically uncomfortable the measure is for them. That discomfort was highlighted when they refused to bring the bill to a vote before the elections.

Looks like they cast their vote, and turned tail. Something has to give here folks. 800 billion won't last too long under this administration, with a load of new policies and promises and a war in Iraq that isn't going away anytime soon. The only question is, which federally funded programs are the first to suffer? I sure am glad I'm not on the funds appropriation committee.

Link: MSNBC.com

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