{"id":2090,"date":"2005-05-11T08:33:07","date_gmt":"2005-05-11T15:33:07","guid":{"rendered":""},"modified":"2005-05-11T08:33:07","modified_gmt":"2005-05-11T15:33:07","slug":"9-trillion","status":"publish","type":"post","link":"https:\/\/www.antiwar.com\/blog\/2005\/05\/11\/9-trillion\/","title":{"rendered":"9 Trillion"},"content":{"rendered":"

So? It’s a week old. I missed it, maybe you did too.<\/p>\n

The Washington Times<\/i><\/a>: House moves to raise U.S. debt ceiling<\/b><\/p>\n

Washington, DC, May. 3 (UPI) — The U.S. House has sent legislation to the Senate that would raise the federal debt limit to nearly $9 trillion<\/b>, a $781 billion increase.<\/p>\n

The House agreed to the increase under an automatically executing provision in the 2005 budget resolution approved by the House and Senate late last week.<\/p>\n

The House officially sent the Senate a separate piece of debt-relief legislation increasing the limit as mandated by the self-executing provision<\/b> in the budget resolution. <\/p>\n

Gaining approval of the separate bill through the gambit avoided the need for a politically costly debate on the House floor over increasing the debt ceiling again and highlighting the inter-party split on the issue.<\/p>\n

Fiscal conservatives within the GOP have been clamoring for greater fiscal discipline on budget matters considering the massive federal deficits, estimated to reach another record<\/b> in dollar terms this year, for the second consecutive year. [emphasis mine]<\/p><\/blockquote>\n

How much is $9,000,000,000,000? (nevermind the interest<\/i>) <\/p>\n

One million seconds is about eleven days. One billion seconds is almost thirty-two years. One trillion seconds is 31,546 years<\/a><\/p>\n

So if the victims of the American tax man can shell out a dollar per second for 283,914 years, our limited republic should be back in the black – as long as we stay out of any more stupid wars.<\/p>\n","protected":false},"excerpt":{"rendered":"

So? It’s a week old. I missed it, maybe you did too. The Washington Times: House moves to raise U.S. debt ceiling Washington, DC, May. 3 (UPI) — The U.S. House has sent legislation to the Senate that would raise the federal debt limit to nearly $9 trillion, a $781 billion increase. The House agreed […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[],"tags":[676],"coauthors":[],"class_list":["post-2090","post","type-post","status-publish","format-standard","hentry","tag-antiwar-movement"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"meta_box":{"disable_donate_message":"","custom_donate_message":"","subtitle":""},"_links":{"self":[{"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/posts\/2090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/comments?post=2090"}],"version-history":[{"count":0,"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/posts\/2090\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/media?parent=2090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/categories?post=2090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/tags?post=2090"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.antiwar.com\/blog\/wp-json\/wp\/v2\/coauthors?post=2090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}