By ANDREW TAYLOR,AP
Democrats plan to allow the government’s debt to swell by nearly $2 trillion as part of a bill next week to pay for wars in Afghanistan and Iraq. The amount pretty much equals the total of a year-end spending spree by lawmakers and is big enough to ensure that Congress doesn’t have to vote again on going further into debt until after the 2010 elections.
The move has anxious moderate Democrats maneuvering to win new deficit-cutting tools as the price for their votes,igniting battles between the House and the Senate and with powerful interest groups on both the right and the left.
The record increase in the so-called debt limit –the legal cap on the amount of money the government can borrow –is likely to be in the neighborhood of $1.8 trillion to $1.9 trillion,House Majority Leader Steny Hoyer,D-Md.,said Friday.
That eye-popping figure is making Democrats woozy but is what is needed to make sure they don’t have to vote again before next year’s midterm elections. The government’s total debt has nearly doubled in the past seven years and is expected to exceed the current ceiling of $12.1 trillion before Jan. 1.
Great News!!!
OBAMA WILL BE GOING TO TRIAL TO PROVE THAT HE IS ELIGIBLE TO BE PRESIDENT OF THE USA ON JANUARY 26TH,2010. IF OBAMA FAILS TO APPEAR OR PRODUCE EVIDENCE,HE WILL BE HELD IN CONTEMPT OF COURT. ALL PRE-TRIAL MOTIONS TO DISMISS HAVE BEEN DENIED!!!
PRAISE GOD.
FIND OUT MORE HERE http://news.ronatvan.com/2009/10/15/obama-will-go…
Sorry there is apparently lots of conflicting and misleading information on the internet regarding Obama's eligibility trial. Evidently the cowardly Judge Carter dismissed the case in back in Oct. I guess we have to go back to drawing board.
My bad,James