No wonder I feel broke…

March 16 (Bloomberg) The U.S. Congress approved a $781 billion increase in the federal government's debt limit, the fourth time lawmakers have raised the cap since President George W. Bush took office.

The Senate voted 52-48 to increase the legal limit on federal borrowing to $8.97 trillion, up from $8.18 trillion. The House approved the measure last year, meaning the legislation now goes to the president for his signature.

Nine trillion.

$9,000,000,000,000.00

I can't imagine. Thankfully Bloomberg offers a little perspective...

The government will spend $217 billion on interest on the debt this year, according to the Congressional Budget Office. By contrast, federal spending for the Department of Education is $83 billion.

Just imagine, for instance, that your monthly credit card interest payments were about three times the cost of of your mortgage. How would you budget look? Would you be asking the boss for a pay cut?

America just can't afford spend and spend conservativsm anymore.