President Obama Signs Debt Ceiling Measure Into Law

[cal04]

Source: ABC News

President Barack Obama on Saturday signed separate measures into law to lift the federal debt limit and restore benefits that had been cut for younger military retirees.

(snip)
The debt limit measure allows the government to borrow money to pay its bills, such as Social Security benefits and federal salaries. Failure to pass the measure, which the Senate passed 67-31 earlier this week and sent to Obama for his signature, most likely would have sent the stock market into a nosedive.

The Treasury Department is now free to borrow regularly through March 15, 2015, meaning lawmakers won't have to revisit the issue until a new Congress is sworn in after the November elections.

(snip)
Both bills were flown out to Obama in California late Friday night, a White House aide said.

Read more: http://abcnews.go.com/Politics/wireStory/obama-signs-debt-ceiling-measure-law-22535852

[Cha]

1. It's a BFD .. to me..

that's the last thing we need to worry about now.

mahalo cal!

[jsr]

4. Well done.

[Cha]

5. Thank you, jsr!

You, too!

[democratisphere]

2. This raising the debt ceiling madness will eventually end, and it will end.

We can't keep spending more than we take in forever.

http://www.rense.com/general27/useco.htm

[madokie]

3. LOL www.rense.com LOL

I wouldn't use that link if you paid me rense.com
damn sure ain't gonna give them a click by going there. LOL

[Cha]

6. ..

[ProSense]

7. Two glaring inaccuracies in the AP article:

Social Security benefits are not tied to the debt and the bill passed 55-43, not 67 to 31.

http://www.democraticunderground.com/10024508730