Obama signs off on another $1.9 trillion

Obama signs the bill to raise the debt ceiling to $14.294 trillion from $12.394 trillion.

To address concerns over spending, the law Obama signed Friday also imposes a rule requiring any new mandatory spending to be offset by spending cuts or new revenue elsewhere in the budget.

Known as "pay-as-you-go" or "Paygo," the rule was in place during the 1990s, the last time there was a federal budget surplus.

I wonder how many loopholes exist in the "Paygo" legislation. Our administration and congressional puppets have a rather murky interpretation of transparency!

Nancy Pelosi proudly revealing the initial load

 of new debt she and her peers are sending to our grandchildren