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$850 billion increase in the public debt

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Posted by: 04SCTLS

http://online.wsj.com/article/SB1190...googlenews_wsj

WASHINGTON -- The Senate gave final congressional approval to an $850 billion increase in the public debt, the fifth such adjustment under President Bush and one reflecting the rising costs of the war in Iraq.

Adopted 53-42, the revised $9.815 trillion ceiling is intended to give the Treasury enough borrowing authority to manage through the end of Mr. Bush's presidency and into 2009.

It represents an almost $4 trillion increase from the statutory debt limit when Mr. Bush took office in 2001,

Buddy, can you spare a dime?

Posted by: fossten

Our fiat currency system is a house of cards. That's why I'm going to invest in silver as a hedge. It's only a matter of time.