lets have a rational discussion about us debt, page-22

here is the link

http://money.cnn.com/2010/02/04/news/economy/debt_limit_vote_house/index.htm


The House on Thursday approved a record $1.9 trillion increase in the cap on how much the government can borrow.

The legislation, which is expected to be signed by President Obama, will raise the debt ceiling to $14.294 trillion.

If the ceiling were ever breached, the country would effectively be in default. That would slam bonds, the dollar and creditors' portfolios.



so by a quick vote they create another 1.9 trillion and soldier on.