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Now its starting to make sense!

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posted on Nov, 3 2004 @ 06:24 PM
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story.news.yahoo.com.../ap/20041103/ap_on_go_pr_wh/debt_ceiling


By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON - The Bush administration announced Wednesday that it will run out of maneuvering room to manage the government's massive borrowing needs in two weeks, putting more pressure on Congress to raise the debt ceiling when it convenes for a special post-election session.



Treasury Department (news - web sites) officials announced that they will be able to conduct a scheduled series of debt auctions next week to raise $51 billion. However, an auction of four-week Treasury bills due to be completed on Nov. 18 will have to be postponed unless Congress acts before then to raise the debt ceiling.




It didn't take long for the fiscally-conservative Bush to raise his head. They had "won" only 5 hours earlier and already they want more debt....
Enjoy it Americans...you get what you deserve.



There is no friend anywhere - Lao Tse




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