red states rule
05-26-2010, 06:27 PM
Well, the beat goes on. Is has to be a combination of arrogance, and greed that is driving Dems (and some RINO's) to keep the doors to the US Treasury wide open
http://farm5.static.flickr.com/4012/4642822469_0b01fe4c92_m.jpg
As the national debt clock ticked past the ignominious $13 trillion mark overnight, Congress pressed to pass a host of supplemental spending bills to, among other things, fund the continuing wars in Afghanistan and Iraq, ramp up security on the U.S.-Mexico border and prevent teacher layoffs.
Taken together, the Democratic-led U.S. Congress is trying to find a way to pass about $300 billion more in unfunded spending before Memorial Day -- a spending spree that rivals anything drunken sailors have been accused of.
The debt-fueled spending would only add to the $13 trillion national debt, which breaks down to $42,000 for the average American.
The spending spree comes three months after President Obama lifted the cap on the amount of money the U.S. can borrow from $12.4 trillion to $14.3 trillion to keep the nation from going into default.
But another intervention may be needed since the administration has projected a $1.56 trillion deficit for the budget year ending Sept. 30 -- a figure likely to grow in the wake of the current spending spree.
http://www.foxnews.com/politics/2010/05/26/despite-soaring-national-debt-congress-goes-spending-spree/
http://farm5.static.flickr.com/4012/4642822469_0b01fe4c92_m.jpg
As the national debt clock ticked past the ignominious $13 trillion mark overnight, Congress pressed to pass a host of supplemental spending bills to, among other things, fund the continuing wars in Afghanistan and Iraq, ramp up security on the U.S.-Mexico border and prevent teacher layoffs.
Taken together, the Democratic-led U.S. Congress is trying to find a way to pass about $300 billion more in unfunded spending before Memorial Day -- a spending spree that rivals anything drunken sailors have been accused of.
The debt-fueled spending would only add to the $13 trillion national debt, which breaks down to $42,000 for the average American.
The spending spree comes three months after President Obama lifted the cap on the amount of money the U.S. can borrow from $12.4 trillion to $14.3 trillion to keep the nation from going into default.
But another intervention may be needed since the administration has projected a $1.56 trillion deficit for the budget year ending Sept. 30 -- a figure likely to grow in the wake of the current spending spree.
http://www.foxnews.com/politics/2010/05/26/despite-soaring-national-debt-congress-goes-spending-spree/