Democrats Call for $1.8T Hike
By • Feb 9th, 2010 • Category: Conservative BlogsRepublicans in the House are trying to derail Democratic efforts to lift the national debt limit, though they acknowledge it may be too late this time around.
House Majority Leader Steny Hoyer said Friday that Congress needs to raise the limit by at least $1.8 trillion. In response, nearly 50 Republicans in the House have co-sponsored a bill that would make it harder for Congress to raise that ceiling — which is currently set at $12.1 trillion.
They want Congress to think twice before upping the limit on the national credit card. Congress has raised the limit seven times since 2002, with no end in sight.
"We need to restore fiscal responsibility in Washington and put an end to this out-of-control spending and massive debt that’s being dumped onto our children and grandchildren," Rep. Steve Scalise, R-La., said in a written statement. He and Rep. Kevin Brady, R-Texas, are unveiling on Friday a bill that would require a two-thirds majority in both the Senate and House to increase the national debt ceiling. It also would prohibit lawmakers from tacking such measures on to other budget bills.
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