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May 26, 2010

Question: What is the difference between adding $134 billion to the deficit (Democrats’ old “extenders” bill) and over $84 billion (Democrats’ new “extenders” bill) ?  

Answer: Just 15 days.

That’s right, instead of hitting the Statutory Debt Limit on February 27, 2011 under the old bill, the reportedly “new-and-improved, fiscally-responsible” package will delay that until March 14, 2011* – a whopping 15 days later. 

A “deficit extender” bill by any other name is…well…still a deficit extender. 

*Note: Estimates prepared by W&M Committee Staff