One Day After Obama Promises to Curb Spending – Dems Pass Largest Debt Increase in US History
Rather than fight the same tired battles that have dominated Washington for decades, it’s time to try something new. Let’s invest in our people without leaving them a mountain of debt. Let’s meet our responsibility to the citizens who sent us here. Let’s try common sense… To do that, we have to recognize that we face more than a deficit of dollars right now. We face a deficit of trust -– deep and corrosive doubts about how Washington works that have been growing for years. To close that credibility gap we have to take action on both ends of Pennsylvania Avenue — to end the outsized influence of lobbyists; to do our work openly; to give our people the government they deserve.
Today ALL 60 democrats in the US Senate voted for the largest increase in debt in US history.
The Hill reported:
Senate Democrats passed a $1.9 trillion increase in the federal debt limit Thursday, seeking to push off another politically painful debt vote until after the midterm elections.
All 60 Democrats and no Republicans voted for the debt limit increase. The measure, which the House has yet to vote on, would put the debt ceiling at roughly $14.3 trillion.
Of course, this surprises no one.
Senator Lamar Alexander (R-TN) urged the president to veto this record increase in debt:
U.S. Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, today issued the following statement on Senate passage of legislation to increase the nation’s debt limit by $1.9 trillion – from $12.4 trillion to $14.3 trillion:
“It took this country 230 years to reach $10 trillion in debt. Now, in just 15 months we’ve added more than $2 trillion more. The president was right last night when he said we should not leave Americans with a ‘mountain of debt.’ To hold Congress to that challenge, he should veto this debt increase, which is larger than the size of the entire federal budget in 1999. If this increase in the national debt becomes law, it will leave our children and grandchildren a country they cannot afford and a government they cannot control. Until Congress and the president take steps to bring this alarming debt under control, we should not increase the debt limit.”
Axis of the Right takes a closer look at today’s record debt increase.