like the citizens, the u.s. govt will go into even more debt

For the 4th time in the bush 43 era the congress has raised the debt ceiling. It is now at 8.2 trillion dollars (8,200,000,000,000.00, or 8 iraq wars, which have recently been estimated to cost 1 trillion dollars when all is said and done). It will be raised an additional $781 billion for a total of roughly 9 trillion. Throughout bush’s term(s) the debt has been raised by $3 trillion or 40%. Where is this money going? You can be sure that its not going to infrastructure, or, well, paying off the national debt. (I did just write that, but only because Clinton helped to lower the debt by creating a surplus which bush has squandered). This money will not be reinvested in american education, medicare, welfare, the elderly the poor, the victims of hurricane Katrina who are currently being kicked out of their hotels, or cleaning up the Alaskan oil spill which wasn’t covered in the mainstream media (thanks a lot ‘liberal’ media)
We can, however, all safely bet that this money will go toward
1) the very expensive $200 billion per day.
2) more tax breaks for the top 1% of Americans (keep in mind that this war on terror is already longer than our envolvement in ww2 and bush is the only president in american history to give a tax break during a war, aka it’s a big fu to the people who these ‘elected’ officials are here to represent).


“Treasury Secretary John Snow notified Congress on Monday that the administration has now taken “all prudent and legal actions,” including tapping certain government retirement funds, to keep from hitting the $8.2 trillion national debt limit.”msnbcnews

“Snow in his letter notified lawmakers that Treasury would begin tapping the Civil Service Retirement and Disability Fund, which Treasury officials said would provide a “few billion” dollars in extra borrowing ability.
Treasury officials also announced that on Friday they had used the $15 billion in the Exchange Stabilization Fund, a reserve that the Treasury secretary has that is normally used to smooth out volatile movements in the value of the dollar in currency markets.
Treasury has also been taking investments out of a $65.3 billion government pension fund known as the G-fund.”