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Michael van der Galien

The Great Debt Ceiling Debate Begins

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Posted on January 22 2010 8:43 am
Michael van der Galien was born in the Dutch city of Leeuwarden in 1984. For as long as he can remember, he has been obsessed with the United States. When he was 17 years old, he started blogging - of course about America. His articles have been published at Big Hollywood, Pajamas Media, Hot Air (the GreenRoom) and Right Across The Atlantic. He's also an editor for the Dutch conservative blog, De Dagelijkse Standaard.
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by Corey Boles

The Senate voted Thursday to wind down the Treasury’s financial-market bailout plan as part a broader bill that would raise the government’s debt ceiling, but the 53-40 tally serves only as a symbolic show of disapproval because a Senate rule requires 60 votes to pass any amendments to the legislation.

The proposal was the first of a series Republicans plan to offer as the Senate debates a bill to increase the amount of debt the government can issue by $1.9 trillion to $14.3 trillion.

Read more at the Wall Street Journal.

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