PublicMarkup.org - Sec. 13. Increase in statutory limit on the public debt. - Dodd's Legislative Proposal From Treasury Department for Authority to Buy Mortgage-Related Assets

The public comment period for this legislation has now ended.

TITLE I - Authorizing the Treasury Department to Buy Mortgage-Related Assets

Sec. 13. Increase in statutory limit on the public debt. (7 Comments)

Section 3101(b) of title 31, United States Code, is amended by striking "$10,615,000,000,000" and inserting "$11,315,000,000,000".

Sec. 12 (4 comments)

Sec. 14 (2 comments)

7 comments on Sec. 13. Increase in statutory limit on the public debt.

Rather than raise the debt ceiling, we should cut spending. If this is such a crisis as has been claimed, then we should prioritize the bailout over other spending.
posted by Jon Wiley at September 22, 2008
Sure. Withdrawing the troops from Iraq should accomplish the necessary savings. Two birds with one stone!
posted by Mithras Invicti, blog Fables of the Reconstruction at September 23, 2008
We are already parying around 4.36% for our debt for our 9.71 tril dollars. Increasing this amount means we can borrow more and citizens pays more on intereset. Adding to Mithras Invicts' comments, we need financial reform with reducing cost for wars.

http://www.savingsbonds.gov/NP/BPDLog...
posted by Nasir Ahmed at September 25, 2008
I second the motion made by Jon Wiley.
posted by Brian Lowe, Taxpayer at September 25, 2008
How easy it is for our " leaders" to load us up with even more debt. Another reason to say " no " to this cronie driven legislation.
posted by CB at September 26, 2008
I wholeheartedly agree!

Sure. Withdrawing the troops from Iraq should accomplish the necessary savings. Two birds with one stone!
posted by Craig Bryant, Citizen at September 28, 2008
Why is it that we never demand that the US government be required to do with less money? If taxpayers, families, and businesses have to get by with less then an integral part of this program should be a 10% reduction in all non-defense, non-entitlement, programs. Our bureaucrats should have to tighten their belts just as the rest of us do and still be expected to accomplish their mission. This should be accompanied by a 2 year moratorium on ANY NEW spending programs. With these provisions we can eliminate the need for any increase in the debt ceiling.
posted by Larry Bonorato, Citizen at September 28, 2008

Sec. 12 (4 comments)

Sec. 14 (2 comments)

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