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re: Debt Ceiling
Posted on 6/30/11 at 1:27 pm to AlexLSU
Posted on 6/30/11 at 1:27 pm to AlexLSU
quote:
The US debt ceiling is over $14 trillion. Some people are worried we won't be able to pay our bills without borrowing more money. If we borrow more money, we would have to raise the debt ceiling higher than its current absurd maximum. I think the amount increase rumored was around $2.5 trillion, pushing the ceiling around $17 trillion.
At least that's how I understand it.
Then we'll be here 3 years down the road talking about raising it from the 17 trillion limit
1
Posted on 6/30/11 at 1:37 pm to Powerman
Balance Budget Amendment is the only mechanism I can think of that can save us.
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