http://story.news.yahoo.com/news?tmpl=story&cid=544&ncid=693&e=1&u=/ap/20041103/ap_on_go_pr_wh/debt_ceiling

Quote:

White House: Debt Ceiling Must Be Raised

By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON - The Bush administration announced Wednesday that it will run out of maneuvering room to manage the government's massive borrowing needs in two weeks, putting more pressure on Congress to raise the debt ceiling when it convenes for a special post-election session.
...
The government hit the current debt ceiling of $7.384 trillion on Oct. 14, forcing Treasury to begin a series of bookkeeping maneuvers to keep financing the government's normal operations without breaching the debt ceiling.




The COWARD waited until AFTER the elections to do this. And forced Treasury department to cook their books in the mean time to avoid bankrupty or braking the law.


98.5 Contour SVT "Too many OB/GYNs aren't able to practice their love with women all across this country" --US President George W Bush