That's a lot of bling...
Well, let's all chant together:
" 4 more Years " and " let's bankrupt the country" ....
Well, let's all chant together:
" 4 more Years " and " let's bankrupt the country" ....
WASHINGTON ?Treasury Secretary John Snow announced Thursday that the government has begun using various accounting procedures to avoid hitting the $7.4 trillion national debt limit.
Snow made the announcement in a letter to Congress, which has not passed legislation needed to boost the government's borrowing authority, which now stands at a statutory limit of $7.4 trillion.
"Given current projections, it is imperative that the Congress take action to increase the debt limit by mid-November," when "all of our previously used prudent and legal actions to avoid breaching the statutory debt limit will be exhausted," Snow wrote in the letter to House and Senate leaders of both parties.
Sen. John Kerry's presidential campaign and other Democrats used Snow's announcement to attack the Bush administration's record budget deficits, which will force Congress to increase the debt ceiling for the third time in three years.
http://www.signonsandiego.com/news/n...debtlimit.html
As of Wednesday evening, the government was only $4.1 billion below the limit.
http://www.palmbeachpost.com/news/co...debt_1015.html
Snow made the announcement in a letter to Congress, which has not passed legislation needed to boost the government's borrowing authority, which now stands at a statutory limit of $7.4 trillion.
"Given current projections, it is imperative that the Congress take action to increase the debt limit by mid-November," when "all of our previously used prudent and legal actions to avoid breaching the statutory debt limit will be exhausted," Snow wrote in the letter to House and Senate leaders of both parties.
Sen. John Kerry's presidential campaign and other Democrats used Snow's announcement to attack the Bush administration's record budget deficits, which will force Congress to increase the debt ceiling for the third time in three years.
http://www.signonsandiego.com/news/n...debtlimit.html
As of Wednesday evening, the government was only $4.1 billion below the limit.
http://www.palmbeachpost.com/news/co...debt_1015.html
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