When Bush took office the nation’s debt ceiling —Think: The limit on your Master Card —was $5.95 trillion dollars. That’s some mad cheddar.
But less than two months after successfully petitioning Congress to raise the debt ceiling by $653 billion —the fourth hike in five years —the president has tucked a provision in to his latest budget plan that would boost our nation’s credit limit by another $653 billion.
Bush practices a brand of’fiscal conservatism’ that would only make sense to Orwell. With this fifth hike, our debt ceiling would rise to nearly $10 trillion. For those of you who lie to see the zeroes, that’s $10,000,000,000,000