Thursday, January 28, 2010

Pork Gone Wild - Senate Votes to Raise Debt Ceiling


From the AP -
The Democratic-controlled Senate has muscled through a plan to allow the government to go a whopping $1.9 trillion deeper in debt.
The party-line 60-40 vote was successful only because Republican Sen.-elect Scott Brown has yet to be seated. Sixty votes were required to approve the increase. The measure would lift the debt ceiling to $14.3 trillion. That's about $45,000 for every American.
Democrats and Republicans alike share responsibility for running up the debt, but it falls upon Democrats to pass the measure since they control the government. It makes no difference that Republicans routinely backed increases in the debt when former President George W. Bush was in office.
Does anyone think that any of these politicians are even remotely serious about reigning in spending, even the new messiah Scott Brown? Most importantly, are you going to see a $45,000 increase in your standard of living? No? Didn't think so...

On a related note, here's a nice little State unemployment chart that demonstrates just how desperate the State's situation is.

UPDATE: Like I said, nothing is going to change. - Senate Reappoints Bernanke

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