FOXNews.com - Senate Democrats Propose $1.9T Increase to U.S. Debt Limit

FOXNews.com - Senate Democrats Propose $1.9T Increase to U.S. Debt Limit: "The record increase in the so-called debt limit is required because the budget deficit has spiraled out of control in the wake of a recession that cut tax revenues, the Wall Street bailout, and increased spending by the Democratic-controlled Congress. Last year's deficit hit a phenomenal $1.4 trillion, and the current year's deficit promises to be as high or higher. "

"'We have gone to the restaurant. We have eaten the meal. Now the only question is whether we will pay the check,' said Finance Committee Chairman Max Baucus, D-Mont. 'We simply must do so.'"

No, it is more like you bought toys and the question is if you will return any.

"Republican Sen. John Thune of South Dakota immediately offered an amendment to end the bank and Wall Street bailout, officially known as the Troubled Asset Relief Program, or TARP. Thune would prohibit further expenditure TARP funds and would require that all funds paid back be used to retire debt."

That would at least show some remorse for overspending.