Senate Votes Along Party Lines to Raise Debt Limit
January 30th, 2010 by Lee Eldridge
As everyone discussed President Obama and the State of the Union speech on Thursday, the Senate voted 60-39 to raise the nation’s debt limit to $14.3 trillion — an increase of almost $2 trillion. The vote went purely along party lines. Obviously they couldn’t wait for newly elected Scott Brown to make his way to Washington. And the democrats knew they had to get it passed quickly. They also knew they had to raise it by at least $1.9 trillion or they’d risk having to vote for ANOTHER increase before the elections this fall. And that just wouldn’t be good politics now would it.
There was amazingly little press coverage. But of course why would the press be interested in such boring things as our nation’s debt when it could be talking about the iPad, Toyota or Lady Gaga.
Our nation’s debt should be one of our biggest concerns right now, and Congress just wants to keep on spending. The President talked about a new jobs bill that would cost billions of dollars. The last one worked so well. The President talked about a spending freeze on a very small percentage of the government’s overall budget, but that wouldn’t start till 2011. The President promised to veto bills filled with pork. He hasn’t. I guess his definition of pork and mine are a bit different.
Here are my thoughts on our debt and debt ceiling posted in mid-December.
Tags: Economy
January 30th, 2010 at 5:09 pm
son, they lied to themselves about “brown/MA” and do not comprehend the American voice….
Business as usual………..bastards
February 1st, 2010 at 6:46 am
Spending is way out of control. And the “freeze” that Obama is talking about is a sham as far as I’m concerned. This portion of the budget (discretionary spending) has gone up something like 24% in the last two years. And nothing stops it from going up even more this year. So to freeze it starting NEXT year for three years is meaningless.
And discretionary spending is a very small piece of the federal budget.
Worthless.