The Democratic-controlled Senate has muscled through a plan to allow the government to go a whopping $1.9 trillion deeper in debt. The party-line 60-40 vote was successful only because Republican Sen.-elect Scott Brown has yet to be seated. Sixty votes were required to approve the increase. The measure would lift the debt ceiling to $14.3 trillion. That's about $45,000 for every American.
This last sentence is interesting. The Post has done the math for us and is perhaps implying that somehow each of us "owes" $45k to present and future holders of Treasury Securities, which is far from the truth.
The debt demagoguery continues unabated in the MSM, but the increase in the ceiling may take some short term constraints off of the rate of Federal spending.