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Senate OKs $800B Debt Limit Hike

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Yo_Mama_Been_Loggin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-17-04 09:04 PM
Original message
Senate OKs $800B Debt Limit Hike
Edited on Wed Nov-17-04 09:04 PM by Yo_Mama_Been_Loggin
Brought to you by the fiscally responsible GOP.

By ALAN FRAM, Associated Press Writer

WASHINGTON - A divided Senate approved an $800 billion increase in the federal debt limit Wednesday, a major boost in borrowing that Sen. John Kerry and other Democrats blamed on the fiscal policies of President Bush.


The mostly party line, 52-44 vote was expected to be followed by House passage Thursday. Enactment would raise the government's borrowing limit to $8.18 trillion — $2.23 trillion higher than when Bush became president in 2001, and more than eight times the debt President Reagan faced when he took office in 1981.


In his first remarks on the Senate floor since his presidential bid ended in defeat two weeks ago, Kerry, D-Mass., said his former opponent had presided over "the worst fiscal turnaround in our nation's entire history."


He was referring to the change from the $5.6 trillion in surpluses that were projected for the next 10 years when Bush took office in 2001, to the $2.3 trillion in deficits now estimated for the coming decade. Kerry and other Democrats complained that those bills will have to be paid by future generations.

http://story.news.yahoo.com/news?tmpl=story&cid=514&e=5&u=/ap/20041118/ap_on_go_co/congress_spending_debt
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spotbird Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-17-04 09:07 PM
Response to Original message
1. Who were the cowards who avoided the vote?
Every single Democrat needs to vote as a group against the decline of America. We need a strong record when things go to hell.
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kysrsoze Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-17-04 09:49 PM
Response to Reply #1
5. What's the big deal? 800 billion here, a trillion there.
Hey, lookee them low taxes though.
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bullimiami Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-17-04 09:15 PM
Response to Original message
2. really. who cares.
let them make it a gazillion and one. the dems cant filibuster everything. really it is pointless. this is now a repub problem and let them fix the shit when they break it.
the dems should state their objections and vote against it and let the jerks deal with the consequences of stupidity.
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Brundle_Fly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-17-04 09:17 PM
Response to Original message
3. Terrifying.
just amazingly terrifying.
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coreystone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-17-04 09:20 PM
Response to Original message
4. Dupe! Original thread here..........
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elepet Donating Member (316 posts) Send PM | Profile | Ignore Wed Nov-17-04 09:49 PM
Response to Reply #4
6. Vote breakdown
Does anyone know where to find the link with an exact breakdown? did any republicans break ranks on this one?
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