H.J.Res.47 - National Debt Limit

Raising the public debt limit by $781 billion facilitates a steady increase of gross fiscal irresponsibility.

Constitutional Vote: No

Cost per Family: $6,828

Vote Date: March 16, 2006

This legislation (House Joint Resolution 47) would increase the national debt limit, also known as the federal debt limit, to $8.97 trillion, a $781 billion increase in what the federal government is allowed to borrow.

The Senate adopted the measure to increase the national debt limit on March 16, 2006 by a vote of 52-48 (Roll Call 54). We have assigned pluses to the nays because raising the public debt limit by $781 billion facilitates a steady increase of gross fiscal irresponsibility.