Thursday, July 14, 2011

House Republicans Have Already Voted for a $10 Trillion Increase in Debt

It is worth noting in the absolute craziness that is occurrng this week, that the House Budget resolution, which all but 5 House Republicans supported in April, would increase the public debt by $9.8 trillion over the $14.3 current debt limit. Here is the actual text (H. Con. Res 34) , which passed 235-193:

(5) DEBT SUBJECT TO LIMIT- Pursuant to section 301(a)(5) of the Congressional Budget Act of 1974, the appropriate levels of the public debt are as follows:

Fiscal year 2012: $16,204,000,000,000.

Fiscal year 2013: $17,177,000,000,000.

Fiscal year 2014: $17,951,000,000,000.

Fiscal year 2015: $18,697,000,000,000.

Fiscal year 2016: $19,503,000,000,000.

Fiscal year 2017: $20,245,000,000,000.

Fiscal year 2018: $20,968,000,000,000.

Fiscal year 2019: $21,699,000,000,000.

Fiscal year 2020: $22,408,000,000,000.

Fiscal year 2021: $23,102,000,000,000.

3 comments:

  1. I think the correct link is to H.Con.Res.34.EH:

    http://thomas.loc.gov/cgi-bin/query/z?c112:H.CON.RES.34.EH:

    ReplyDelete