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America borrows to $9 trillion BREITBART.COM Thursday, 16 March 2006 23:13:15 EST
The Senate voted Thursday to allow the national debt to swell to nearly $9 trillion, preventing a first-ever default on U.S. Treasury notes.
It's the fourth such move -- increasing the debt limit by a total of $3 trillion -- since Bush took office five years ago.
The debt limit increase is an unhappy necessity -- the alternative would be a disastrous first-ever default on U.S. obligations -- that greatly overshadowed a mostly symbolic, weeklong debate on the GOP's budget resolution.
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