President Obama Signs Law Raising Public Debt Limit from $12.4 Trillion to $14.3 Trillion

abcnews.com ^ | Feb. 12, 2010 | Jake Tapper

[Free ThinkerNY]

Behind closed doors and with no cameras present, President Obama signed into law Friday afternoon the bill raising the public debt limit from $12.394 trillion to $14.294 trillion.

The current national debt is $12.3 trillion. Check out the National Debt Clock, which tells you your share of that -- roughly $40,000 per citizen, $113,000 per taxpayer.

[Puppage]

Don’t worry......it’s for the childrens

[CaribouCrossing]

What the hell?!!

[nagdt]

Irresponsible - damaging - very very damaging.

We have a spoiled brat running the country.

[Kartographer]

[BradtotheBone]

http://usdebtclock.org

[GailA]

Pay go...either raise taxes or cut spending and WE KNOW the demwits choice will be RAISE taxes!

[Berlin_Freeper]

[Sacajaweau]

Bush added 4.97 tril in 8 years. Of course, we had a war to take care of.....

Obama has added 4 tril in one year.

[bergmeid]

To them it’s just monopoly money.

[TribalPrincess2U]

Now showing on a stage near you...

"Socialist Gone Crazy" With Our Money

He's got too much money to play with. Eeeeekkkkkkk!

[Diogenesis]

"We blame this on Bush, and enjoy the payoffs, perks and pensions."

[TChris]

Boy, it’s sure a good thing they have that debt limit! Otherwise, Congress might just run away with their spending or something.

[blueyon]

Nothing to see here folks, move along...because within a few weeks or months, the debt limit will be maxed out again and it will need to be increased.

[OB1kNOb]

One of these days someone or some nation that owns our debt is going to wake up and realize just how bankrupt this nation is, and then we’re going to see a real live SHTF scenario take place.

How much longer this charade plays out, remains a mystery to me. I pray we never find out, but I just don't see any real or practical way to avoid the inevitable, given the current level of political idiocy that's driving us off the cliff.

[Nateman]

In a country that respected the rule of law this bill would not have made it to Zero's desk

This is Paul Kirk. If you are an American he ripped you off for over $6000. Paul Kirk was the temporary Senator for Massachusetts. He became the senator , illegally, because the law was changed, ex-post facto , to let the Governor rather than the people of Massachusetts select him. Even After Scott Brown won Paul Kirk continued to vote in the Senate, doubly illegal now because Kirk should have lost his vote after that election. Paul Kirk voted along with 59 other RATS on January 28 to rise the debt limit 1.9 Trillion dollars. A vote that would have failed without him. If dollars bills were laid end to end starting from the sun this would go past the orbit of Mars. That is $6258 for every man woman and child in America. Perhaps the largest theft in the history of man and it has attracted no more attention then a local car wreck.

Speaking of wrecks, this may be the final blow that plunges America into bankruptcy. Needless to say this will cripple America's ability to defend itself and allow all kinds of evil now laying in wait to wreck havoc upon the world. Congratulations Thiefsenator Paul, the new decade was only 28 days old and you have perhaps succeeded in becoming one of its most evil men.

[peeps36]

This could get interesting with Obozo raising the the debt at the same time China is dumping US debt.

[FatherFig1o155]

Behind closed doors?

Chicken.