Senate OKs $800B Debt Limit Hike
by Joe Pulcinella
Oh, goodie! Now we won't run out of money! Or at least the politicians won't, that is. W is cementing his place in history as the biggest spending president in history (so far).
The mostly party line, 52-44 vote was expected to be followed by House passage Thursday. Enactment would raise the government's borrowing limit to $8.18 trillion - $2.23 trillion higher than when Bush became president in 2001, and more than eight times the debt President Reagan faced when he took office in 1981.
Does this sound ok to you? Is this all going to pay for some Constitutionally-enumerated duty of the federal government?