Debt Deal

[JoltinJoe]

You mean the idiots who think that the US government can't continue to borrow 41 cents for every dollar it spends?

[BDKJMU]

You mean the idiots who think that the US government can't continue to borrow 41 cents for every dollar it spends?

Ditto.

[∞∞∞]

http://blogs.wsj.com/washwire/2011/09/0 ... authority/

The U.S. Senate, in an unusual procedure, cleared the way Thursday for the U.S. to lift its borrowing authority by $500 billion to $15.19 trillion, enough to keep the support federal government borrowing through late January or early February...

...The increase stems from a deal between Congress and the White House, finalized last month, that spells out how the borrowing limit would be increased by $500 billion. Under the process, lawmakers in both the House and Senate must vote on a resolution of disapproval against the increase in the borrowing limit. President Barack Obama would then have to veto the resolution of disapproval, and Congress would then vote to try and override that veto.

The complicated procedure, designed by Senate Minority Leader Mitch McConnell (R., Ky.), would allow an increase of the borrowing limit while allowing most Republicans to vote against such an increase.

There was a twist in this scenario Thursday evening, however. Democrats held firm, rejecting the resolution of disapproval, thereby speeding the process and increasing the borrowing limit immediately...

[Ivytalk]

Trips, there are so many Orwellian double-negatives in that quote that I can't make heads or tails of it.