Quote:
Originally posted by GatorB
WASHINGTON (AP) -- Congress sent President Bush an $800 billion boost in the federal borrowing limit on Thursday, spotlighting how the budget has lurched out of control in recent years and how hard it will be to afford future initiatives.
With the government facing imminent default because it has depleted its authority to borrow money, the debt limit bill would pump up the federal borrowing cap to $8.18 trillion. That is 70 percent the size of the entire U.S. economy, and more than $2.4 trillion higher than the debt Bush inherited upon taking office in 2001.
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Those with kids can tell them to KISS THEIR FUTURES GOODBYE since they're going to have to be taxed like crazy to pay off this debt when they get older!
Republicans has this idea you can just borrow FOREVER & never have to pay it back!
Who knew REPUBLICANS were the real Welfare Queens?