ARRA News Service: Senate Boosts Federal Debt & Confirms Fed Reserve Chair Bernanke

News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006) Home Page Follow @arra

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Thursday, January 28, 2010

Senate Boosts Federal Debt & Confirms Fed Reserve Chair Bernanke

The US Senate approved a $1.9 trillion boost in the amount of debt the federal government can take out. The bill, which passed 60 to 40, would establish the new limit at $14.3 trillion -- equal to about $45,000 for every American. Senate also voted 77-23 to end debate and then voted 70 to 30 to approve confirmation of Ben S. Bernanke for a second four year term as Federal Reserve chairman. Many expressed concern over confirming Bernanke "who has presided over the worst economic downturn in generations."

Tags: Ben Bernanke, National Debt, US Senate To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!

Posted by Bill Smith at 3:28 PM - Post Link

1 Comments:

Matt said...

Just another step in the overall plan to destroy the country. November can't come soon enough.

1/28/2010

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