Washington D.C. to raise the federal debt of $12 trillion by $1.8 trillion

In alarming news out of Washington D.C. Democratic lawmakers will add a $1.8 trillion debt increase amendment into a must-pass military appropriations bill. Both Houses have identified the shortfalls in the federal government revenue stream and claims they need more money to operate.

This would be the point when businesses and average citizens would buckle down and cut spending in order to get by, not the federal government. What better way to ensure the $1.8 trillion money will be given to the federal government than to add the amendment to a $636.4 billion Pentagon appropriations bill that includes funds for the surge in Afghanistan.

House Majority Leader Steny Hoyer-D MD told Politico; “We’ve incurred this debt. We have to pay our bills.” Keep reading

This entry was posted on 10. December 2009 at 23:36 and is filed under national debt, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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