House Votes to Hike Debt Limit

by
February 4, 2010

By: Chad Pergram, FoxNews.com

The House of Representatives Thursday voted to raise the debt limit by $1.9 trillion. That vote raises the debt ceiling to $14.3 trillion, a new high for the amount of debt the U.S. has ever carried.

As recently as 2001, the U.S. debt was only at $5.7 trillion. But exploded throughout the past decade after Sept. 11, 2001, amid record spending by the Bush and Obama administrations.

If Congress doesn’t hike the debt ceiling, the U.S. would be unable make good on Social Security and Medicare payments.

The Senate approved the debt limit increase in mid-January on a 60-40 party-line vote.

The House vote was a close one, 217-212. All Republicans and more than 30 Democrats voted against raising the debt ceiling.

To continue reading this article: http://www.foxnews.com/politics/2010/02/04/house-votes-hike-debt-limit/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%253A+foxnews%252Fpolitics+%2528Text+-+Politics%2529

?>

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.

Facebook Auto Publish Powered By : XYZScripts.com
Google Analytics Alternative