S. 2578 - Debt Limit

The supposed need for increasing the debt ceiling by $450 billion demonstrates that the federal government is still on a trajectory of out-of-control spending. Instead of raising the legal limit on what the federal government may borrow, Congress should cut spending.

Constitutional Vote: No

Cost per Family: $4,117

Vote Date: June 27, 2002

This bill (S. 2578) would increase the public debt limit by $450 billion for a new ceiling of $6.4 trillion on the National Debt. The supposed need for increasing the debt ceiling by $450 billion demonstrates that the federal government is still on a trajectory of out-of-control spending. Instead of raising the legal limit on what the federal government may borrow, Congress should cut spending.

The House passed S. 2578 on June 27, 2002 by a vote of 215 to 214 (Roll Call 279). We have assigned pluses to the nays.