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IPFS News Link • Economy - Economics USA

Senate permits gov't to borrow an additional $1.9T

• 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. 

1 Comments in Response to

Comment by Lola Flores
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 Lemme guess.  It's all going to the warmongering machine, right?