Senate permits gov't to borrow an additional $1.9T

[spidey07]

You can't make this crap up. With the country in an uproar over spending and debt dems weasel in a vote before Scott Brown is sworn in so they don't have to raise it again before mid-term elections.

That's an ADDITIONAL 1.9 TRILLION.

http://www.seattlepi.com/national/1151ap_us_senate_debt_limit.html

WASHINGTON -- Senate Democrats needed all the 60 votes at their disposal Thursday to muscle through legislation allowing the government to go $1.9 trillion deeper in debt.

Democratic leaders were able to prevail on the politically volatile 60-39 vote only because Republican Sen.-elect Scott Brown of Massachusetts has yet to be seated. Republicans had insisted on a 60-vote, super-majority threshhold to pass the measure. An earlier test vote succeeded on a 60-40 vote.

 

[umbrella39]

Time for a revolt! LMAO. Too late to pretend to love and care about your country. You make a better window that you do a door. etc.

 

[MotF Bane]

Kennedy: 1 day
Tsongas: 2 days
Brown: We're still waiting.

 

[Throckmorton]

You can't make this crap up. With the country in an uproar over spending and debt dems weasel in a vote before Scott Brown is sworn in so they don't have to raise it again before mid-term elections.

That's an ADDITIONAL 1.9 TRILLION.

http://www.seattlepi.com/national/1151ap_us_senate_debt_limit.html

GO BACK TO ECONOMICS CLASS. We can't magically cut spending so we never need to borrow more, not during a recession. We would create a DEPRESSION. Doing what's necessary isn't always politically popular, deal with it.

 

[daishi5]

Wait, I thought someone linked the senate rules that the senator brown is replacing can no longer vote because the election is over. Did the dems ignore the senate rule to get this done?

 

[Jaskalas]

Michelle Malkin makes a point on lockstep votes.

Every Senate Democrat voted to raise debt limit to $14.3 trillion

Every Senate Democrat voted to raise the debt limit to $14.3 trillion. The vote was 60-40 on straight partisan lines.
Let me repeat that — and let it be repeated loudly and often:
Every Senate Democrat voted to raise the debt limit to $14.3 trillion.
That’s $45,000 per American.

Can’t say it enough: There is no such thing as a “moderate Democrat” in the Senate.

Admit it, Democrats will say the same thing about Republicans for the same vote. To each side the other is full of radical crazies for voting in lockstep.

This is a divided nation.

 

[Throckmorton]

The real story here is that Republicans voted against it, even though they knew it was necessary. They know how to score political points.

 

[Jaskalas]

The real story here is that Republicans voted against it, even though they knew it was necessary. They know how to score political points.

Making the Democrat's agenda financially illegal via the debt limit is a great method of attack.

 

[Jhhnn]

Nice bit of posturing by Senate Repubs. Raising the debt ceiling is necessary largely because of their wars, their fatcat taxcuts, their military spending in general, their "security", their expansion of govt over the Bush terms matched only during the Great Society...

Don't pass the bill? heh. Watch the value of US govt securities and the dollar plummet like a rock as interest rates head for the sky...

That wouldn't be good for capitalists. They need and want the increased ceiling just as much as Dems, if not more, but they get to play games, disown it, pander to their teabagger base...

 

[spidey07]

Nice bit of posturing by Senate Repubs. Raising the debt ceiling is necessary largely because of their wars, their fatcat taxcuts, their military spending in general, their "security", their expansion of govt over the Bush terms matched only during the Great Society...

Don't pass the bill? heh. Watch the value of US govt securities and the dollar plummet like a rock as interest rates head for the sky...

That wouldn't be good for capitalists. They need and want the increased ceiling just as much as Dems, if not more, but they get to play games, disown it, pander to their teabagger base...

Anybody running in November - "Democrats raised the debt 1.4 trillion dollars, that's 45,000 dollars for every citizen. We could refund every single tax you paid for the year for that kind of money. The people are better deserving of such a bailout."

 

[cliftonite]

Michelle Malkin makes a point on lockstep votes.
Admit it, Democrats will say the same thing about Republicans for the same vote. To each side the other is full of radical crazies for voting in lockstep.

This is a divided nation.

I wonder what was said about the Republicans when debt ceilings were raised in the past?

The House managed to avoid a direct vote on raising the debt limit, instead burying a series of automatic debt increases in the terrible 2004 budget passed in April. The Senate, by contrast, at least held an up-or-down vote on the issue. Yet only one Republican Senator voted against saddling the American people with nearly another trillion dollars of debt

http://www.lewrockwell.com/paul/paul97.html

 

[Throckmorton]

Anybody running in November - "Democrats raised the debt 1.4 trillion dollars, that's 45,000 dollars for every citizen. We could refund every single tax you paid for the year for that kind of money. The people are better deserving of such a bailout."

Exactly... Republicans carried out deficit spending for a decade, now they're playing politics by opposing raising the debt to accommodate their deficits. They're all for increasing debt as long as they're not the ones who have to vote for it. What a farce.

 

[highland145]

I wonder what was said about the Republicans when debt ceilings were raised in the past?



http://www.lewrockwell.com/paul/paul97.html

Nothing. But that's not the point. Both parties are guilty and have been since they started raiding social security. We argue with each other about what the others party did. At what point do we agree that they all need to go and the budget should be balanced every year, just like your household? I don't want to be in debt and for the most part I'm not. I would like to think most of you would agree on a personal financial level. So why not the government?

The wannabe royalty is D.C. is the problem and Americans are too busy pointing at each other to realize these 536 elected officials like things just the way they are.

 

[drebo]

Anybody running in November - "Democrats raised the debt 1.4 trillion dollars, that's 45,000 dollars for every citizen. We could refund every single tax you paid for the year for that kind of money. The people are better deserving of such a bailout."

I always said that the $800 billion dollar bailout would have been better served just cutting everyone who paid taxes in 2008 a check. Imagine the spending boom we'd have had there!

 

[nobodyknows]

Reminds me of when Clinton was President. The R's want to shut the government down again. Of course oncwe they are back in power it will be spend, spend, spend, while cutting taxes at the same time. Woopdee fucking do!!

 

[BoberFett]

Repostinomicon

 

[Mursilis]

This is a divided nation.

No, it's a nation where ~20% are strongly/consistently left-leaning, another 20% are the same way toward the right, and the remaining 60% are too busy watching reality TV and the celebrity scandal du jour to look at the window and figure out which way the nation is headed. As the gov't drives the nation off the fiscal cliff, the majority are just along for the ride, choosing to ignore any possibility of a hard landing.

 

[StageLeft]

Just so that we're clear about the math $1.9T is more like $6300/person, not $45k. The debt itself is a good $45,000/person, though.

 

[spidey07]

Just so that we're clear about the math $1.9T is more like $6300/person, not $45k. The debt itself is a good $45,000/person, though.

Sounds good. Gimme my 6300 bucks, that's my money.