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House moves to raise U.S. debt ceiling ($9,000,000,000,000)
Washington Times ^
| May 10, 2005
Posted on 05/10/2005 3:47:39 PM PDT by RWR8189
Washington, DC, May. 3 (UPI) -- The U.S. House has sent legislation to the Senate that would raise the federal debt limit to nearly $9 trillion, a $781 billion increase.
The House agreed to the increase under an automatically executing provision in the 2005 budget resolution approved by the House and Senate late last week.
The House officially sent the Senate a separate piece of debt-relief legislation increasing the limit as mandated by the self-executing provision in the budget resolution.
Gaining approval of the separate bill through the gambit avoided the need for a politically costly debate on the House floor over increasing the debt ceiling again and highlighting the inter-party split on the issue.
Fiscal conservatives within the GOP have been clamoring for greater fiscal discipline on budget matters considering the massive federal deficits, estimated to reach another record in dollar terms this year, for the second consecutive year.
(Excerpt) Read more at washingtontimes.com ...
TOPICS: Constitution/Conservatism; Front Page News; Government; News/Current Events
KEYWORDS: 109th; biggovernment; budget; debt; deficit; deficitspending; federaldeficit; govwatch; nationaldebt; ninetrilliondollars
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To: RWR8189
To: rodguy911
"Belize is nice I spent a week there, great fishing, language is English, parts can be cheap. Costa Rica is also very nice, much more affordable."
Strange you should mention Costa Rica and Belize...I was looking for islands for sale this afternoon on both of those countries.
42
posted on
05/10/2005 4:35:21 PM PDT
by
politicalwit
(USA...A Nation of Selective Law Enforcement.)
To: rodguy911
The debt is a time bomb for the country. I have a 31 year old daughter. I don't have a clue how her generation will handle this monster. They may not be able to. I'm 33 ... the only way we're gonna be able to handle this is to start LOTS of wars.
43
posted on
05/10/2005 4:35:24 PM PDT
by
Centurion2000
(The human race divides politically into those who want people to be controlled and those who don't)
To: Luke Skyfreeper
And not even a reach around while its happening.
44
posted on
05/10/2005 4:36:45 PM PDT
by
Wolfie
To: rodguy911
He's been re-elected. This is it. What is his excuse for not tightening the purse strings?
45
posted on
05/10/2005 4:36:49 PM PDT
by
TNinga
To: TomGuy
The only thing that can de-rail Hill at this point is a rat/ backlash which very well could happen. The clintons are brave enough(or crazy enough) to play both sides. They have the goods on rats and us, that's a dangerous game even for them.
46
posted on
05/10/2005 4:37:06 PM PDT
by
rodguy911
(rodguy911:First Let's get rid of the UN and the ACLU,..toss in CAIR as well.)
To: RWR8189
If you started a business at the time Christ was living, and continuously lost money at the rate of $1,000,000 (one million) dollars per day, you would be $1,000,000,000,000 (one trillion) dollars in the hole, seven hundred years from now.
47
posted on
05/10/2005 4:37:30 PM PDT
by
Cboldt
To: rodguy911
Do anything to get elected/re-elected, whatever the cost.It's not just to get reelected. They're politicians, and politicians love to spend money. They have cousins, and campaign donors, and other buddies to reward with high-paying positions. That all costs money.
48
posted on
05/10/2005 4:37:55 PM PDT
by
inquest
(FTAA delenda est)
To: politicalwit
Probably a phenomenal investment. Our property here in the Keys is now sold by the square inch.
49
posted on
05/10/2005 4:38:32 PM PDT
by
rodguy911
(rodguy911:First Let's get rid of the UN and the ACLU,..toss in CAIR as well.)
To: econ_grad
Of course??
Why do you think spending was reduced under Bubba Clinton?
Contract with America (until I get what I want).
50
posted on
05/10/2005 4:38:44 PM PDT
by
TNinga
To: Centurion2000
51
posted on
05/10/2005 4:39:56 PM PDT
by
TNinga
To: econ_grad
If Al Gore or John Kerry proposed any of the spending itmes that Bush have, we would have seen the Republicans in Congress fighting tooth and nail over them. Exactly. I'm certain the deficit would be significantly lower with Kerry and a GOP Congress. Of course Kerry's complete idiocy on foreign policy would more than negate that improvement.
52
posted on
05/10/2005 4:40:01 PM PDT
by
ThinkDifferent
(These pretzels are making me thirsty)
To: Guillermo
He had to get re-elected!
53
posted on
05/10/2005 4:40:31 PM PDT
by
TNinga
To: Centurion2000
Massive currency devaluations, inflation, who knows what the future brings. I don't see any budget balancers out there on either side, but you never know.
54
posted on
05/10/2005 4:40:51 PM PDT
by
rodguy911
(rodguy911:First Let's get rid of the UN and the ACLU,..toss in CAIR as well.)
To: Guillermo
55
posted on
05/10/2005 4:41:44 PM PDT
by
Spiff
(Don't believe everything you think.)
To: TNinga
"What is his(GW's) excuse for not tightening the purse strings"
Great question.
I wish I knew. The only thing I would even speculate on is that maybe, just maybe, he is doing another "super" rope-a- dope. It's possible he is waiting for the rats to "demand" that we seal the border, "demand" that we balance the budget and fifty other things like that. And GW will slyly ask for air time and meekly say "O.K." But realistically, don't hold your breath.
56
posted on
05/10/2005 4:45:39 PM PDT
by
rodguy911
(rodguy911:First Let's get rid of the UN and the ACLU,..toss in CAIR as well.)
To: RWR8189
57
posted on
05/10/2005 4:46:28 PM PDT
by
traviskicks
(http://www.neoperspectives.com/charterschoolsexplained.htm)
To: inquest
I get it, but we are not talking millions here, we are talking the stratosphere. Billions and billions. Where is the payoff money to come from? My daughter is a good earner but not "that" good.
58
posted on
05/10/2005 4:48:24 PM PDT
by
rodguy911
(rodguy911:First Let's get rid of the UN and the ACLU,..toss in CAIR as well.)
To: Spiff; gdobbs18
59
posted on
05/10/2005 4:48:26 PM PDT
by
traviskicks
(http://www.neoperspectives.com/charterschoolsexplained.htm)
To: rodguy911
My daughter is a good earner but not "that" good.
As Rush would say, "She needs to get a second job, then!"
60
posted on
05/10/2005 4:52:35 PM PDT
by
TomGuy
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