Debt Ceiling Doubled Since Bush Took Office

In 2001 when Bush was elected to office, the statutory borrowing limit stood at $5.95 trillion. Today, a provision in the new budget will enable Republicans to raise it to $10 trillion.

(The Other WaPo)A $2.7 trillion budget plan pending before the House would raise the federal debt ceiling to nearly $10 trillion, less than two months after Congress last raised the federal government's borrowing limit.

The provision -- buried on page 121 of the 151-page budget blueprint -- serves as a backdrop to congressional action this week. House leaders hope to try once again to pass a budget plan for fiscal 2007, a month after a revolt by House Republican moderates and Appropriations Committee members forced leaders to pull the plan.

I wonder who will take on our debt? Maybe the Chinese or Saudi Arabia or maybe even the U.A.E. Apparently our jobs aren't the only things being exported by this Administration.