Spokane7
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February 4, 2010 in Nation/World
House votes to permit $1.9 trillion more debt
WASHINGTON — The House has approved a measure allowing the U.S. government to borrow $1.9 trillion to pay its bills.
The measure would raise the so-called debt limit to $14.3 trillion — more than $45,000 for every person living in the United States.
Democrats provided every “yes” vote in the 217-212 tally just as Republicans had to supply votes when they controlled Congress and the White House.
The massive increase in the debt is required because the government now has to borrow more than 40 cents of every dollar it spends because the recession has caused a slump in revenues at the same time spending has spiked.
Passage of the bill would send it to President Barack Obama, who will sign it to avoid a first-ever, market-rattling default on U.S. obligations.
© Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Ancient Roman wrecks found in deep water 
bdr on February 04 at 1:51 p.m.
ID SAY BLACK FRIDAY…….IS JAN 5TH 2009……STOCKS DROPPED LIKE A ROCK………DOWN 268……UNDER 10,000 AGAIN.
I KNEW THIS MIGHT HAPPEN TIGHTENING MARKETS AND BI-POLAR VOTERS…….INDEPENDENT VOTERS SUCK THEY HAVE NO IDEA HOW THAT DAMAGES AMERICA IN THE STOCK MARKET
RECESSIONS EVERY 4 YEARS….IN THE 1990S.
SENATE WILL GRIDLOCK THIS BUDGET ….LIKE HEALTH CARE UNTIL GOVERNMENT SHUTS DOWN……LIKE IN CLINTON YEARS.
STOCK WILL TANK AGAIN….
madscientist on February 04 at 1:55 p.m.
its been coming for a while now bdr. the plunger team can’t hold it up any more. we will see the next downward slope of the W pattern. look for the DJIA to get as low as 6,000, if not lower. Get out now people.
gotcha on February 04 at 2:35 p.m.
Can you people believe this congress???? These SOB need to be tared and feathered…Every congresman that voted for this needs to be voted out of office.
lewis8457 on February 04 at 6:03 p.m.
We have a chance to vote a majority of them out in November I just hope the American people are mad enough to get educated before they vote.
Here we are with a DEMOCRATIC government raising the debt ceiling to FOURTEEN TRILLION DOLLARS.
I am waiting for some one to blame this on the Republicans. Last time a Republicans was in office he left a 750 billion dollar deficit. Now we are at 1.6 trillion. With over 10 million people out of work.
My suggestion learn Chinese.