This bill (S. 2578) would increase the legal limit on the national debt by $450 billion, from $5.95 trillion to $6.4 trillion. The Senate passed S. 2578 on June 11, 2002 by a vote of 68 to 29 (Roll Call 148).
We have assigned pluses to the nays.
S. 2578 - Debt Limit Increase
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.
