The Borrowers

From Holden:

The Bush Assministration seeks Congressional permission to steal from your grandchildren.

Treasury Secretary John Snow notified Congress on Monday that the administration has now taken ”all prudent and legal actions” to keep from hitting the $8.2 trillion national debt limit.

In a letter to Congress, Snow urged lawmakers to pass a new debt ceiling immediately to avoid the nation’s first-ever default on its obligations.

[snip]

Treasury officials, briefing congressional aides last week, said that the government will run out of maneuvering room to keep from exceeding the current limit sometime during the week of March 20.