national debt clock

Dems finagle $1.9T rise in debt cap

By: Stephen Dinan, Washingtontimes.com

It took legislative acrobatics and some hard swallowing by Democrats, but Congress on Thursday sent President Obama a bill that raises the country’s borrowing level by a staggering $1.9 trillion to cover this year’s record spending.

After jamming the bill through the Senate last week before they lost their filibuster-proof majority, Democrats used their overwhelming numbers and some legislative maneuvering to push a $14.3 trillion debt ceiling through the House. Democrats got no help from Republicans, and lost the votes of 37 members of their own caucus, squeaking out a 217-212 win.

To make the vote more palatable, Democrats immediately voted to pass pay-as-you-go, or “pay-go,” budget rules, which conservative-leaning Democrats have long sought and which their party’s leaders promised would keep them from overspending in the future.

To continue reading this article: http://www.washingtontimes.com/news/2010/feb/05/democrats-finagle-19-trillion-rise-in-debt-cap/?feat=home_headlines

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