Foundation for Economic Education
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Debt Ceiling Headed to $10 Trillion

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A $2.7 trillion budget plan pending before the House would raise the federal debt ceiling to nearly $10 trillion, less than two months after Congress last raised the federal government's borrowing limit. The provision — buried on page 121 of the 151-page budget blueprint — serves as a backdrop to congressional action this week. (Washington Post [1], Tuesday)

We owe it to ourselves.

FEE Timely Classic
The Dogma of Our Times [2] by Frank Chodorov

Article printed from Foundation for Economic Education: http://www.fee.org

URL to article: http://www.fee.org/articles/in-brief/debt-ceiling-headed-to-10-trillion/

URLs in this post:

[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/08/AR2006050801425.html

[2] The Dogma of Our Times: http://www.fee.org/publications/the-freeman/article.asp?aid=261

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