Nothing more courageous than passing on another $1.8 trillion in debt to our children (and their children). What's another couple trillion among friends? Those little turds won't even be able to vote for at least another decade, so let's just steal from them today. Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash - - POLITICO.com Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Yearâs rather than have to face the issue again prior to the 2010 elections. âWeâve incurred this debt. We have to pay our bills,â House Majority Leader Steny Hoyer told POLITICO Wednesday. And the Maryland Democrat confirmed that the anticipated increase could be as high as $1.8 trillion â nearly twice what had been assumed in last springâs budget resolution for the 2010 fiscal year.