Debt Limit to be Raised to $14.3 Trillion

In what is reflective of the public's indifference to our enormous national debt, a small AP story was posted this week about a proposal made by Senate Democrats to raise the national debt ceiling to an unprecedented $14.3 trillion. Needless to say, it did not make many headlines, but for those of us concerned about the value of our currency and the size of government, it serves as yet another reminder of the devastating consequences of bailouts, unfunded entitlement spending, and our massive overseas presence. One noteworthy item mentioned in the article is an agreement by "top Senate leaders" not to pass the legislation with less than 60 votes:

Congress has never failed to increase the borrowing limit, but it will take 60 votes to pass the legislation under an agreement by top Senate leaders.

Getting 60 votes became more complicated after Sen.-elect Scott Brown's victory Tuesday in Massachusetts. Democrats will shortly have 59 Senate seats and will need at least one Republican to pass the legislation.

Stand by for the fingering of the RINOs...