The Senate has voted to raise the national borrowing limit by...
$8,180,000,000,000.00
That's $800 BILLION above the current debt limit.
Senate OKs $800B Debt Limit Hike
WASHINGTON (AP) - A divided Senate approved an $800 billion increase in the federal debt limit Wednesday, a major boost in borrowing that Sen. John Kerry and other Democrats blamed on the fiscal policies of President Bush.
The mostly party line, 52-44 vote was expected to be followed by House passage Thursday. Enactment would raise the government's borrowing limit to $8.18 trillion - $2.23 trillion higher than when Bush became president in 2001, and more than eight times the debt President Reagan faced when he took office in 1981.
Whee, hear that sound? That's the sound of the The New Great Depression heading our way, fast.