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Economy
B.O. Signs Law Raising Public Debt Limit from $12.4 Trillion to $14.3 Trillion
2010-02-14
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 -- roughly $40,000 per citizen, $113,000 per taxpayer.

The bill also establishes a statutory Pay-As-You-Go procedure requiring that new non-emergency legislation affecting tax revenue or mandatory spending not increase the Federal deficit -- in other words, that any new spending or tax cuts be paid for with new taxes or spending cuts.
Posted by:Fred

#13  
He did it on a Friday afternoon. Before a weekend dedicated to fighting in Marjah. Do you suppose he timed signing the bill to the offensive in Marjah, or did he time the Marjah offensive to signing the bill.

Sorta like a robber skulking around in the night, either way.
Posted by: gorb   2010-02-14 22:55  

#12  And it's about damn time people woke up and realized that THEFT is exactly what it is. These politicians are criminals. Their crime is against humanity. The only reason it's not against the law is that THEY are the ones who write the law. This is what happens when criminals write the law.
Posted by: Abu Uluque   2010-02-14 21:28  

#11  Behind closed doors, show that even this narcissistic bast*rd has finally found something to feel ashamed about. Utterly disgusting display of theft of the public treasury by the power elites. Where are the arrests and prosecution for malfeasance in office for the President and the Congress? For gross negligence, incompetence and mismagement? The greatest theft in world history and NOBODY has gone to jail yet!
Posted by: NoMoreBS   2010-02-14 18:49  

#10   Where am I gonna get $113,000?

You can use the change, after you have used a million dollar bill to buy a loaf of bread.
Posted by: phil_b   2010-02-14 17:39  

#9  What I don't understand is why they even bother to have a "debt limit". Every time they approach the "limit", they just raise the limit.
Posted by: Rambler in Virginia   2010-02-14 14:31  

#8  > Where am I gonna get $113,000?

Don't worry your children will be poor, but you'll be able to blow the debt.
Posted by: Bright Pebbles   2010-02-14 14:22  

#7  Where am I gonna get $113,000?

GMAC.
Posted by: Nimble Spemble   2010-02-14 14:05  

#6  from Obama's stash.
Posted by: Frank G   2010-02-14 13:55  

#5  Where am I gonna get $113,000?
Posted by: Abu Uluque   2010-02-14 13:45  

#4  If having that vote is what it takes to get voters to recognize we've got a problem, it's probably not solvable.
Posted by: Nimble Spemble   2010-02-14 11:10  

#3  The real political issue was the jump in the debt to $14.3 trillion. The Dhimmis wanted it in one big jump so as not to have to vote on it again close to the election, the Pubs wanted a series of smaller increases, the better to remind voters.
Posted by: Steve White   2010-02-14 10:53  

#2  They could only have caused the donks more embarassment. Shutting down the government has proven to be an ineffective tactic, and that's what Barry would do, furlough all Park Service interpretive personnel, halt all military contracts, etc.
Posted by: Nimble Spemble   2010-02-14 10:16  

#1  Question to 'Burgers. The Senate vote on this increase was 60-40 along party lines. Could this have been stopped with a 59-41 vote?? This vote occurred 9 days after Brown won in Mass, but was waiting to be seated.
Posted by: Tom-Pa   2010-02-14 10:10  

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