Reply #19: The Bush administration is lying about this.

[snippy]

I know, I know, that may seem hard to believe. But they are lying about the reason for increasing the debt limit. The current debt ceiling is just under $7.4 trillion and the current debt is $7.09 trillion. That is a difference of around $300 billion. This years deficit is projected to exceed $500 billion. In June of 2003, shortly after the last increase in the debt ceiling, a Treasury Department official said that the new ceiling could be reached as soon as April, 2004 or as late as October, 2004. To say that the currently proposed increase is to allow for privatization of Social Security is a lie.

There is no subject so serious,somber or shallow that Bush wil not lie about it.