Amid Debt Concerns, Dems Hope to Increase Limits

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While the Democrats continue to roll out health care reform, another pressing issue is on their agenda: increasing the national debt limit.

The government is expected to breach the $12.1 trillion debt limit by the end of November. That means the Senate has to vote soon to raise the limit to $13 trillion.

Politico.com reports that Democrats are looking for politically acceptable ways to do that. They know Republicans will criticize them for heavy government spending.

Wall Street Journal Columnist John Fund spoke to CBN News about the increasing national debt worries. Click play to watch.

Democrats say President George W. Bush left President Barack Obama with a debt over $10 trillion.

However, Republicans counter that Obama's policies could drive it up to $20 trillion.

Sen. Ben Nelson, D-Neb., says he worries that the growing national debt will further devalue the dollar.

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