{"id":7359,"date":"2006-05-09T10:30:00","date_gmt":"2006-05-09T14:30:00","guid":{"rendered":"http:\/\/www.thecarpetbaggerreport.com\/?p=7359"},"modified":"2006-05-09T10:30:00","modified_gmt":"2006-05-09T14:30:00","slug":"as-the-poll-floor-drops-the-debt-ceiling-rises","status":"publish","type":"post","link":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/as-the-poll-floor-drops-the-debt-ceiling-rises\/","title":{"rendered":"As the poll floor drops, the debt ceiling rises"},"content":{"rendered":"

In March, the Senate narrowly voted to increase the federal [tag]debt limit[\/tag]<\/a> by $781 billion, bringing the debt ceiling to nearly $9 trillion. As it turns out, two months later, lawmakers decided the government needs a little more of a cushion<\/a>.<\/p>\n

A $2.7 trillion budget plan pending before the House would raise the federal [tag]debt ceiling[\/tag] to nearly [tag]$10 trillion[\/tag], less than two months after [tag]Congress[\/tag] last raised the federal government’s borrowing limit.<\/p>\n

The provision — buried on page 121 of the 151-page budget blueprint — serves as a backdrop to congressional action this week.<\/p><\/blockquote>\n

Indeed, it does. This week, congressional Republicans want to cut taxes for the wealthy<\/a> (again) and pass a half-trillion-dollar defense policy bill.<\/p>\n

The WaPo noted that this is becoming something of a habit for the Republican majority.<\/p>\n

With passage of the budget, the House will have raised the federal borrowing limit by an additional $653 billion, to $9.62 trillion. It would be the fifth debt-ceiling increase in recent years, after boosts of $450 billion in 2002, a record $984 billion in 2003, $800 billion in 2004 and $653 billion in March. When Bush took office, the statutory borrowing limit stood at $5.95 trillion.<\/p><\/blockquote>\n

Yeah, and when he took office, Bush vowed<\/a> to a balanced budget and pay off the national [tag]debt[\/tag], too.<\/p>\n","protected":false},"excerpt":{"rendered":"

In March, the Senate narrowly voted to increase the federal [tag]debt limit[\/tag] by $781 billion, bringing the debt ceiling to nearly $9 trillion. As it turns out, two months later, lawmakers decided the government needs a little more of a cushion. A $2.7 trillion budget plan pending before the House would raise the federal [tag]debt […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[617],"tags":[],"class_list":["post-7359","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/7359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/comments?post=7359"}],"version-history":[{"count":0,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/7359\/revisions"}],"wp:attachment":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/media?parent=7359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/categories?post=7359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/tags?post=7359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}