In other words, they plan on adding $133 billion per month or $4.43 billion per day to the deficit.
(CNS News) — House Minority Leader Nancy Pelosi (D.-Calif.) is predicting that the $2.4 trillion that Congress has now added to the limit on the federal credit card — by increasing the legal debt limit — will be exhausted by the Treasury in only 18 months.
In a speech delivered on the House floor last night explaining why she favored the debt-limit bill, Pelosi repeatedly cited as one reason Democrats should join her in voting for it her belief that the new borrowing authority the bill grants the Treasury will last the government 18 months.
“And that’s another reason why I’m supporting this bill,” said Pelosi, “because the President was successful in impressing upon the Congress that we needed the full time, the 18 months so that we can have the Americans’ kitchen table, people sitting around that table and sitting around the boardroom table, would all know that you can rely on the United States of America to meet its obligations. Okay?”
