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 ...
Holy crow...
ANy estimates on what it costs to live in Belize? I wanna bail on this country ASAP.
Where?
OH FOR CRYING OUT LOUD!!!!!
Congress has lowered taxes but they're just spending and spending and spending. They're out of control.
ANy estimates on what it costs to live in Belize? I wanna bail on this country ASAP.
Please let me know when you get the cost of living figures. I'll be right behind you. Hey, where's that plane the Hollyweirdos were going to leave on? Maybe it's up for sale since they didn't use it. LOL I don't know if we can survive another 3 1/2 years of this "compassion."
Well, can't deny that the impending massive loss of the republicans in 06 is well deserved.
they are all mad.
And the war is off budget as well. I'm not saying that to be anti-war, just pointing out that this is yet another huge chunk of money that current statements about the deficit do not include.
NOOOOOOOOO!!!
Whatever happened to conservatives that thought it was important to tighten the purse strings and shrink government
This admin is NOT fiscally conservative, in fact some of the liberal spew about them being beholden to corporate interests above that of the rank and file citizen semm to have some grounding
/shakes head - 'can't believe I said that' but posts anyway
Yep. A tax cut without a corresponding spending decrease is not a cut at all; it's just passing the bill to future taxpayers.
That is so frickin sad.
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
CUT SPENDING, you drunken sailors!!
Yup.
Unless they plan on declaring bankruptcy.
It's a tax deferrment.
So many reasons but the "pill bill" is going to hurt big too, more corporate welfare with a happy face.
I hate to say it, but the banned Arete (Richard W.) might be right after all.
Do we even HAVE a national-level Republican Party anymore!!!? Or did the RNC and congressional Republicans just jettison everything Republicans are supposed to stand for? Not much better at a state level here in AZ. We can't find a Republican with enough guts to stand up against the leftist extremist Democrat Governor in a REPUBLICAN, Red state!!
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