Saturday, February 13, 2010

Obama Signs the $1.9 Trillion Debt Ceiling Increase in to Law

Passed by the Democrats in the Senate, Democrats in the House, and now signed into law by Obama. The $1.9 trillion debt ceiling increase signing was done in private likely to avoid a side-by-side of the signing with Obama saying "raising America's debt limit is a sign of leadership failure".

"Behind 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.

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