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Old 11-18-2004   #1
sarettah
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Join Date: Oct 2002
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from drudge:

BORROW LIMIT $8,180,000,000,000.00


http://apnews.myway.com/article/20041118/D86DVIG00.html

Senate OKs $800B Debt Limit Hike
By ALAN FRAM

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.

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