Quietly. No press. No public outcry.
I remember a Monday in March 2006 when Bush signed the extension of the debt limit to $9 trillion. It was, as I recall, his forth request to increase the debt limit, with a total of something like a third the debt, or $3 trillion in debt increases.
In fact, at the time, Senate Democrats (for that matter all Democrats) used that debt increase as an opportunity to highlight the Bush administration's record on deficits.
Quietly. No press, and no Senate Democrats using the opportunity to highlight Mr. Obama's record on deficits ... the debt limit was just increased to $14.3 trillion. The debt at the moment is $12.3 trillion and Obama is expecting another $2 trillion (that is why you raise it the amount you do, assuming that when it hits that limit, you raise it again.).
It was $10,627,000,000,000 (rounded up) on the day and hour Obama walked into the White House. It is today over $12,350,000,000,000. Nearly 2 trillion more than when he took office and he just signed an increase to $14,300,000,000,000. When that limit is reached, he will have increased the debt more than $3.5 trillion dollars.
That $3.5 trillion increase will have taken a whopping 20 months or less to accrue.
Silent. No press and no Democrats filling the airwaves with vitriol. The hissing and spewing was too much. At least with the Retardicans, no one takes them too seriously and they are for the most part, ignored.
President Obama Signs Law Raising Public Debt Limit from $12.4 Trillion to $14.3 Trillion
February 12, 2010
ABC News
MoreBehind closed doors and with no cameras present, President Obama signed into law Friday afternoon the bill raising the public debt limit from $12.394 trillion to $14.294 trillion.
The current national debt is $12.3 trillion. Check out the National Debt Clock, which tells you your share of that -- roughly $40,000 per citizen, $113,000 per taxpayer.
The bill also establishes a statutory Pay-As-You-Go procedure requiring that new non-emergency legislation affecting tax revenue or mandatory spending not increase the Federal deficit – in other words, that any new spending or tax cuts be paid for with new taxes or spending cuts.
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