By Debra Saunders
October 7, 2008
The only way Congress could pass a $700 billion economic bailout package last week was to spend an extra $110 billion that the federal government does not have.
How could this happen?
Before lawmakers larded the bailout, it failed. Last week, as it faced its first vote in the House, Speaker Nancy Pelosi and Minority Leader John Boehner failed to line up the necessary votes to pass what Washington called a "clean" bill to address the credit crisis. Each party blamed the other. Both leaders failed.
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