Debt Limit Increase. This bill (House Joint Resolution 43) would increase the national debt limit to an astronomical $9.8 trillion, an $850 billion increase. This increase would be the fifth time the national debt was raised since 2002, representing about a $3 trillion increase in just the last five years.
The Senate passed House Joint Resolution 43 on September 27, 2007, by a vote of 53-42 (Roll Call 354). We have assigned pluses to the nays because raising the public debt limit by $850 billion facilitates continued, gross fiscal irresponsibility.
