ScottishJohn 25 #1 March 21, 2006 http://news.bbc.co.uk/1/hi/business/4827248.stm Quote US debt limit nears $9 trillion US President George W Bush has signed a bill to raise the national debt ceiling to nearly $9 trillion (£5.12 trillion). The bill means the government can borrow a further $781bn and stops what would have been a first ever default of Treasury notes. In addition, it permits the US to pay for the war in Iraq without increasing taxes or making domestic cuts. The debt increase, the fourth since Mr Bush came to power, comes as the budget deficit reaches near record levels. An additional increase in the debt limit next year is likely, the Associated Press news agency said. The latest measure enables the debt limit to increase to $8.96 trillion from its previous level of $8.18 trillion. Does he have any plans on repayment of this debt or does he not care as it wont be his problem in a few years time. John---------------------------------------------------------------------- If you think my attitude stinks you should smell my fingers Quote Share this post Link to post Share on other sites
kallend 2,026 #2 March 21, 2006 Quote Does he have any plans on repayment of this debt or does he not care as it wont be his problem in a few years time. John Been sleeping? He'll pay it back by cutting taxes, of course.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
