U.S. Senate approves bill permitting government to borrow

[Midlodemocrat]

another $781 billion bringing debt to nearly $9 trillion

www.cnn.com

[Hawkeye-X]

1. Vote?

What was the vote?

[katmondoo]

2. I believe it was 48 to 51

I know it was close

[wordpix2]

14. 48-52, here's link

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=2170243&mesg_id=2170243

[Midlodemocrat]

4. No details yet, just the banner at cnn

and I got an alert in my email.

[varkam]

3. 9 trillion...

that's a record isn't it?

[corporate_mike]

23. National debt increases by $2 billion per day

[bnr65432]

25. In the time it takes to refresh the national debt clock web page

The debt goes up by more money than I'll probably make in my entire lifetime

[no_hypocrisy]

5. The money should come out of the pockets of the 51 enabling senators. n/t

[AlCzervik]

6. article--

March 16, 2006, 10:42AM
Senate Votes to Raise Debt Limit

By ANDREW TAYLOR Associated Press Writer
© 2006 The Associated Press

WASHINGTON — The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes.

The bill passed by a 52-48 vote. The increase to $9 trillion represents about $30,000 for every man, woman and child in the United States. The bill now goes to President Bush for his signature.

The measure allows the government to pay for the war in Iraq and finance Medicare and other big federal programs without raising taxes. It passed hours before the House was expected to approve another $91 billion to fund the war in Iraq and provide more aid to hurricane victims.

The partisan vote also came as the Senate continued debate on a $2.8 trillion budget blueprint for the upcoming fiscal year that would produce a $359 billion deficit for the fiscal year beginning Oct. 1.

The debt limit increase is the fourth such move _ increasing the debt limit by a total of $3 trillion _ since President Bush took office five years ago.

http://www.chron.com/disp/story.mpl/ap/politics/3727895.html

[shanti]

7. we are being robbed blind

:grr:

[AlCzervik]

8. why yes, yes we are. Woohoo--Ketchup is now a vegetable and a protein!!!

am i living back in the 80's again, i coulda sworn we've been here before. My kid is almost 12, i really worry about her future.

[Daphne08]

22. I worry about my kids, too, and my grandkids yet to be born.

What a legacy of debt to leave them. It's shameful.

[shanti]

45. i have four sons

and i worry about their future too! it's very scary :scared:

[wordpix2]

15. how nice for the college kids who are already in debt & now owe $30K more

[sabra]

9. Senate Approves $871B Debt Limit Increase

http://www.cbs4denver.com/business/finance_story_075114131.html

Senate Approves $871B Debt Limit Increase

(AP) WASHINGTON The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes.

The bill passed by a 52-48 vote. The increase to $9 trillion represents about $30,000 for every man, woman and child in the United States. The bill now goes to President Bush for his signature.

The measure allows the government to pay for the war in Iraq and finance Medicare and other big federal programs without raising taxes. It passed hours before the House was expected to approve another $91 billion to fund the war in Iraq and provide more aid to hurricane victims.

[WindRavenX]

10. what was that phrase I was thinking about...oh :"fiscal responsibility"

:eyes:

[BlueInPhilly]

11. Another Party Line divide?

My heart sunk when I saw this - I, who payoff my credit cards every month - cannot fathom this deficit!!! STOP ALREADY!!!

IMPEACH ALREADY! :grr:

[AndyA]

12. Republicans: Whores with a new box of condoms!

Aren't they supposed to be conservative?

Don't they stand for smaller government? Fiscal responsibility?

They really need to explain themselves to the American people. Most people would lose their jobs for creating such a mess. I think the same should hold true in Washington.

[wordpix2]

16. this SHOULD win Dems votes in Nov. if they don't find a way to blow it

[sutz12]

19. More like Viagara....condoms would be responsible.... nt

[IChing]

18. Stock market responds with +51pt gain, $ drops on international markets.

Dow 11,260.50 +50.73 (+0.45%)
Nasdaq 2,316.41 +4.57 (+0.20%)
S&P 500 1,306.92 +3.90 (+0.30%)
10-Yr Bond 4.674 -0.57 (-1.20%)

Something is very wrong with this response
a historical abnormality
Now that the debt is raised and they no longer have to report M3
they can print as much money as they want.

All major currencies gain against the dollar---- these are big gains people.
Euro --1.21715 gain of 0.01010

Japanese Yen 142.38000 gain of 0.73000

Australian Dollar 1.65370 gain of 0.02060

New Zealand Dollar 1.90825 gain of 0.04110

Hong Kong Dollar 9.44270 gain of 0.07790

Singapore Dollar 1.96990 gain of 0.01600

Taiwanese Dollar 39.52650 gain of 0.41200

Thai Baht 47.59500 gain of 0.36800

Malaysian Ringgit 4.50625 gain of 0.04320


http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/13/12/default.stm

[central scrutinizer]

13. what was the amount on Jan. 20, 2001?

Exactly how much has been run up in 5 short years by the drunken-pirate-on-shore-leave-with-a-stolen-credit-card Republicans?

[Sadie5]

17. They should all be tried for high crimes

When I think of how they have screwed this country.

[madmark]

20. sickening

[RDU Socialist]

21. Here is an FR post on the GOP controlled government after this passed

which I think is a perfect description of the direction this country has gone since the GOP got its power back:

we waited forty years for this?
what an utter disappointment the GOP controlled Congress & WH have proved to be...

even the stupid can learn eventually.

[Tyler Durden]

24. FR's are very easily conned.

That's self-evident in the way that the rePukes can keep them on their side while stealing them and the rest of us blind.

Makes them look doubly stupid in my book.

Look at the bright side, if you can call general economic collapse as having a bright side...might just bring about socialism a little faster.

[sakabatou]

26. Hey kiddies, its time to pay your 250k share...

:puke:

[OKNancy]

27. kick

[maxrandb]

28. Senate permits national debt to grow to $9 trillion

http://www.cnn.com/2006/POLITICS/03/16/congress.debt.ap/index.html

This is a different headline than the budget deal. Kind of tells the truth a little more about what they've done to our country.

Large scale "shock and awe" part IV in Iraq.

9 $TRILLION debt limit.

I guess it really is "March Madness"

WASHINGTON (AP) -- The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes.

The bill passed by a 52-48 vote. The increase to $9 trillion represents about $30,000 for every man, woman and child in the United States. The bill now goes to President Bush for his signature.

The partisan vote also came as the Senate continued debate on a $2.8 trillion budget blueprint for the upcoming fiscal year that would produce a $359 billion deficit for the fiscal year beginning October 1.

The debt limit will increase by $781 billion. It's the fourth such move -- increasing the debt limit by a total of $3 trillion -- since Bush took office five years ago.

-----------------------------------------------------------

So America, are we having fun yet????

[maxrandb]

29. What COWARDS!!! Check this out

"Only a handful of Republicans spoke in favor of the measure as a mostly empty Senate chamber conducted a brief debate Wednesday evening."

[corporate_mike]

31. debt clock

[wordpix2]

30. DUPE---see this thread

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=2170887&mesg_id=2170962

[maxrandb]

33. It's a different article dealing with the debt limit

vice burying the debt limit raise in an article on the budget.

In any event...this should be posted a million times on this site.

It ought to be posted a million times on the freaker site.

It ought to be posted a million times on the RNC web-site.

It ought to be plastered on every fucking windshield of every fucking car tuned to Rush this afternoon.

[ogradda]

32. Why do they even bother having a limit?

They just vote to raise it anyway.

[corporate_mike]

34. Unfunded obligation of Social Security and Medicare is > $81 TRILLION

[Felix Mala]

35. If you'd just taken your $300 "tax break" in 2001 and invested in

some Bush family enterprise, you'd have your $30,000 to give back to the government right now.

[joanski0]

36. Ensign, Conrad Burns, and Coburn

were the Republicans who voted against raising the debt ceiling.

Yep, you can kiss Social Security, Medicare, and other "entitlement" programs good-bye.

[maxrandb]

37. I'm not the first to say it

but my "sig-line" says it all.

[w4rma]

38. They're bankrupting their war-machine, too. (nt)

[Sleepless In NY]

39. Senate permits National Debt to grow to $9 trillion

Know this won't get much attention today because of what's going on in Iraq,and that's a shame because it's so important

Senate permits national debt to grow to $9 trillion
Thursday, March 16, 2006; Posted: 12:27 p.m. EST (17:27 GMT

WASHINGTON (AP) -- The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes.

The bill passed by a 52-48 vote. The increase to $9 trillion represents about $30,000 for every man, woman and child in the United States. The bill now goes to President Bush for his signature.

The measure allows the government to pay for the war in Iraq and finance Medicare and other big federal programs without raising taxes. It passed hours before the House was expected to approve another $91 billion to fund the war in Iraq and provide more aid to hurricane victims.

The partisan vote also came as the Senate continued debate on a $2.8 trillion budget blueprint for the upcoming fiscal year that would produce a $359 billion deficit for the fiscal year beginning October 1.
http://www.cnn.com/2006/POLITICS/03/16/congress.debt.ap/index.html

Also this article is from a few days earlier..but a very interesting read:

Administration asks Congress to up debt limit

Updated: 12:54 p.m. ET March 6, 2006


Retirement funds tapped; U.S. will pass $8.2 trillion ceiling around March 20

WASHINGTON - Treasury Secretary John Snow notified Congress on Monday that the administration has now taken “all prudent and legal actions,” including tapping certain government retirement funds, to keep from hitting the $8.2 trillion national debt limit.

In a letter to Congress, Snow urged lawmakers to pass a new debt ceiling immediately to avoid the nation’s first-ever default on its obligations
Snow in his letter notified lawmakers that Treasury would begin tapping the Civil Service Retirement and Disability Fund, which Treasury officials said would provide a “few billion” dollars in extra borrowing ability.

Treasury officials also announced that on Friday they had used the $15 billion in the Exchange Stabilization Fund, a reserve that the Treasury secretary has that is normally used to smooth out volatile movements in the value of the dollar in currency markets.


http://msnbc.msn.com/id/11699012/

[LynnTheDem]

40. Don't have kids. Tell your kids not to have kids.

Coz they're the ones going to be digging America out of the republican bush-hole for their entire lives.

[jus_the_facts]

41. Don't forget to add...Cheney's stock options rose 3,281% last year.....

:nopity: :nopity: :nopity: :nopity:

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=1842415

An analysis released by a Democratic senator found that Vice President Dick Cheney's Halliburton stock options have risen 3,281 percent in the last year, RAW STORY can reveal.

“Halliburton has already raked in more than $10 billion from the Bush-Cheney Administration for work in Iraq, and they were awarded some of the first Katrina contracts," Lautenberg said in a statement. "It is unseemly for the Vice President to continue to benefit from this company at the same time his Administration funnels billions of dollars to it. The Vice President should sever his financial ties to Halliburton once and for all.”

Cheney continues to hold 433,333 Halliburton stock options. The company has been criticized by auditors for its handling of a no-bid contact in Iraq. Auditors found the firm marked up meal prices for troops and inflated gas prices in a deal with a Kuwaiti supplier. The company built the American prison at Guantanamo Bay.

http://rawstory.com/news/2005/Cheneys_stock_options_rose_3281_last_1011.html

[Rainscents]

42. It looks like, all the dems voted against this bill.

I hope so! Anyone have vote call?

[derby378]

43. Happy, happy, joy, joy

Anyone remember when the National Debt actually started to decrease during Clinton's last years in the White House?

God love him, but Gore really should have fought harder in 2000. The Presidency was his by right. Just imagine...

[Charlie Brown]

44. Roll Call

Looks like Coburn, Burns, and Ensign joined the 44 Dems (and Jeffords) in opposition.

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=109&session=2&vote=00054

[Solly Mack]

46. YAY! !!!More debt! Lucky us!!! Woo-hoo!!! Go Debt!!!! More Debt!!!

Got to have us some more debt!!!!!

Please bankrupt the nation some more!!!!

I'm sure there's one Bush cronie out there who hasn't got his cut yet.

[llmart]

47. Meanwhile, Dickhead Cheney.......

has the nerve to tell middle class Americans that they need to save more.

The gall of these assholes is amazing!

[Solly Mack]

48. It's truly astounding

what comes out of their mouths

[Karmakaze]

49. So...

ONE THIRD of the entire US National Debt was created under G. W. Bush? ONE THIRD???!!!

How can Republicans live with themselves?