2011
The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior Treasury Department official.
The debt limit is projected to fall within $100 billion of the current cap by December 30. President Barack Obama is expected to ask for additional borrowing authority to increase the limit by $1.2 trillion.
Under the new budget, Congress can only vote to block the debt-ceiling extension with a disapproval resolution. Lawmakers have 15 days within receiving the request to vote down the debt limit increase.
The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request.
So let me get this straight, obama said George W. Bush was unpatriotic because he added $4 Trillion dollars to the debt in 8 years.
obama has added more than $6 TRILLION dollars to the debt in 3 years. That makes him the most unpatriotic son of a bitch ever in the history of this Country.
I'm not saying that George W. adding 4 TRILLION to the debt is excusable. It's not. But I'm sick and tired of obama getting a pass on being the biggest fucking hypocrite on the planet.
