The last section of the bill.....
“TITLE IV—PUBLIC DEBT
SEC. 401. PUBLIC DEBT.
Subsection (b) of section 3101 of title 31, United States Code, is amended by striking the dollar limitation contained in that subsection and inserting ‘$16,994,000,000,000’.”
This is truly amazing. We have guaranteed spending 2 trillion dollars more than we take in, within one year. This bill was not supposed to last to the election in 2012 which is 15 months away. And the Demoncrats are talking about spoiling Christmas because they would have to renegotiate the ceiling in December. We're goners.