Bush signs debt limit increase to $8.965 trillion

[UpInArms]

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-03-20T183731Z_01_N20270641_RTRIDST_0_ECONOMY-DEBT-BUSH.XML

CLEVELAND, March 20 (Reuters) - President George W. Bush on Monday signed into law a $781 billion increase in U.S. borrowing authority, making the Treasury Department's new debt limit $8.965 trillion, White House spokesman Scott McClellan said.

Last week, the Senate approved the increase in borrowing authority requested by the Treasury Department to avoid a government default. The U.S. House of Representatives approved the legislation nearly a year ago.

Bush was in Cleveland delivering a speech on Iraq on the third anniversary of the U.S.-led war.

...short blurb...

Long live Irony! Irony is Dead!

Record debt and the anniversary of Dubya's Folly.

[Skink]

1. That's just walking around money for Bush Crime Inc.

[bottomofthehill]

2. Where are the pictures of that. He must have done it on AF-1

To insure there was no picture of how much money he has pissed away. Presidents should be forced to sign debt limit increases at the halftime of the Super-bowl to ensure many people see what is happening to our national debt

[Vickers]

3. "Presidents should be forced to sign debt limit increases at the..."

"...halftime of the Super-bowl to ensure many people see what is happening to our national debt"

:rofl:

That is a fantastic idea.

[Canuckistanian]

6. Somehow, I don't think he wants to publicize this...

A bankruptcy of THE major western power doesn't make for a good photo-op.

[Theres-a]

9. YES!!!!!!!!!!!!!!

[Bandit]

4. The US Debt Clock is a blur

It is increasing by OVER $100,000.00 a SECOND and we are paying interest on it at over a half million dollars a minute. Whoopee what a spending spree.

[rkc3]

5. Yeah, but it's lower than the $9 trillion the librul media has been

covering recently.

Shows the jackass is fiscally conservative after all.

[Canuckistanian]

7. Yeah, thank God it was only $8.965 Trillion

If it was $9 Trillion, he would have been in trouble!

[texpatriot2004]

8. There is nothing "Conservative" about these evil people. nm

[DrDan]

10. I'll bet he had an orgasm as he signed that

[pdurod1]

11. Give it to the wealthy and the middle class picks up the tab.

When will people wake the hell up.

[HughBeaumont]

12. Three Ds

Draft
Depression
Detonation

Unless it personally affects THEM (that is, the selfish NASCAR Dads, Soccer Moms and the white rural poor that love Dumbya to death) and/or their loved ones, they couldn't care less.

[SPQR]

13. And so the purpose of a debt limit

is what, exactly?

[rkc3]

14. Nothing if you keep raising it.

It's like telling your six year old there'll be no more candy if they continue being a little shithead - and then giving them candy anyway.

What will happen is that the debtors will start to ask for their money or expect higher returns on the huge outlays of debt. Then we'll see some fast footwork in the form of carefully worded rhetoric.