Tuesday, January 17, 2012

US Debt Ceiling Breached Again

If the debt clock numbers are correct, the US debt now stands at 15.244 trillion dollars. Last summer, there was a long debate in the congress / senate to raise the debt ceiling to 15.194 trillion dollars (approved by the senate on the 8th September 2011). So now, early in 2012 (4 months later), it seems another debt ceiling debacle is in the making during a presidential year. That should be fun to watch.

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