Bringing new meaning to the term “out of control government spending”…
Senate OKs new debt limit, raised by $1.9 trillion
The all-Democrat vote will boost the U.S. government’s borrowing power to a staggering $14.3 trillion, coming a day after Obama called on Congress to freeze much non-defense spending.Acknowledging that the U.S. must continue to borrow to keep the government open, Senate Democrats on Thursday pushed through a $1.9 trillion increase in the nation’s debt limit.
The vote, along partisan lines, will boost the government’s total borrowing power to a staggering $14.3 trillion.
Just a day after President Obama called on Congress to freeze much non-defense spending in future years, Senate Democrats turned back a bipartisan amendment to the debt-ceiling bill that would limit all future domestic discretionary spending – in both defense and social programs – to 2 percent annual increases. …
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