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Tell me that one again about how fiscally responsible Republicans are? That one always cracks me up:
http://www.reuters.com/article/bondsNews/idUSN0754579020071 107
US debt tops $9 trillion for first time-Treasury Wed Nov 7, 2007 6:07pm EST
WASHINGTON, Nov 7 (Reuters) - The U.S. Treasury Department said on Wednesday publicly held U.S. debt breached $9 trillion this week for the first time ever, just five weeks after Congress had raised the statutory borrowing limit.
At the end of September, U.S. President George W. Bush signed a measure to increase the debt limit ceiling to $9.815 trillion from $8.965 trillion, allowing the government to keep issuing debt.
The increase in the debt limit is the fifth since Bush took office in January 2001. The U.S. debt stood at about $5.6 trillion at the start of his presidency.
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If you had run up your credit card to double its limit, at least you'd have some material goods or maybe some photos from the keen vacation you'd taken. What do we have to show for an additional $3.4 trillion in debt? Are all our roads repaired? Schools modernized? Health care for all? No? None of that? What did we spend all that money on?
Well done once again Republicans: Another massive transfer of wealth from taxpayers to overrich fatcats, and not a goddam thing to show for it.
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