If only bartenders were this generous with the tab. Let's just hope that our kids, saddled with all this debt, don't blame us when they are deciding which old folks home to put us in. But I guess someone has to pay China back for all of the cool wars and bailouts
WASHINGTON—President Barack Obama signed a $1.9 trillion increase in the federal government's borrowing limit into law Friday, the White House said.
The debt-limit boost, passed last week by the House of Representatives, brings the total amount the federal government can borrow to $14.3 trillion and will allow the government to function for the rest of the year.
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