Senate permits gov't to borrow an additional $1.9T

[danaguesswho Profile]

Wow- This blows my mind, ......Just a few days ago they announced the cuts of unemployment, health and human services budget cuts to reduce spending and now this?.... What the hell is going on ? How could you need another 1.9 TRILLION DOLLARS! Well that officially puts every American on the hook for 45,000 dollars each.....


Little bit of the story below and link too...

Jan 28 12:26 PM US/Eastern
By ANDREW TAYLOR
Associated Press Writer

WASHINGTON (AP) - The Democratic-controlled Senate has muscled through a plan to allow the government to go a whopping $1.9 trillion deeper in debt.

The party-line 60-40 vote was successful only because Republican Sen.-elect Scott Brown has yet to be seated. Sixty votes were required to approve the increase. The measure would lift the debt ceiling to $14.3 trillion. That's about $45,000 for every American.

Democrats had to scramble to approve the plan, which means they won't have to vote on another increase until after the midterm elections this fall. To win the votes of moderate Democrats, President Barack Obama promised to appoint a special task force to come up with a plan to reduce the deficit. The House must still vote on the measure before it's sent to Obama for his signature.

read the rest here:

http://www.breitbart.com/article.php?id=D9DGSHEO0&show_article=1